Kuka remains English?

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Acquisitions

Kuka remains English?

The Chinese Midea group has moved to the “Handelsblatt” according to the planned majority takeover of the German robot manufacturer, Kuka. Now he’s supposed to be, with 49 percent satisfied.

In the discussion of a share of the increase in the Chinese group, Midea at the German Robot manufacturer Kuka is a compromise, according to “Handelsblatt”. In the Federal government, there are signals that Midea would not hold more than 49 percent of Kuka, the newspaper reported. In addition, there should be a “strong German anchor shareholder”. Kuka CEO Till Reuter (article image) could accept this solution, reported in the leaf, relying on information from the Federal government, and negotiating circles.

The Chinese household goods manufacturer currently holds 13.5 percent of Kuka and would like to increase its share to at least 30 percent. In an offer to the shareholders of this share could be even higher. This has triggered Worries about a big Chinese influence to a German company. Skeptical, among other things, the Federal Minister of Economics Sigmar Gabriel and EU had shown-Commissioner Günther Oettinger.

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Merkel rejected the suggestion

German Chancellor Angela Merkel appeased, however, during her visit to China. Investments in companies in the other country respectively, based between China and Germany are mutual, she said on Monday to journalists in Beijing. It is, of course, that Chinese companies will look now also in Germany for investment opportunities. It will be found in the case of Kuka, a mutually satisfactory solution.

Siemens chief Joe Kaeser, a member of the economic delegation of the Chancellor, stressed that the Chinese investment plans should be considered to be “not quite sober”. “Our country has benefited like no other in the world after the war, the Export and globalization,” said Kaeser the news channel n-tv. The globalisation of the course but not in one direction only, such as refugee migration or a Takeover bid “of the other was to see in the world”.

“No political commitment”

Mideas interest in Kuka’s the proof, “such as techno, our company are logically interesting is, ultimately,” said the Siemens CEO. His company would have had interest in the Augsburg-based company, it would have positioned itself for a long time. Midea-the Deputy chief Andy Gu insured in the “Handelsblatt” from Monday, “our commitment to Kuka is not a political issue, but a business”. For Midea don’t count, “what the Chinese government calls”. He stressed that Kuka should retain its full independence. With the Acquisition of Midea, the company wanted to help, especially when you start on the Chinese market.

Kuka was initially no opinion. A spokeswoman for the economy Ministry declined to comment. Currently, the German industrial group Voith 25.1 percent of Kuka. The Chinese air-conditioning technology producer Midea holds 13.5 per cent, and had announced in February to increase. In mid-may, the Chinese company offered a purchase price of 115 Euro per share, and said that more than 30 percent.

who/sti (rtrd, afpd, dpa)