Acquisitions
Midea mixes Kuka more
In the transfer poker to the German robot manufacturer Kuka, the Chinese company Midea is on the verge of a breakthrough: After the sale of shares of another major shareholder, the Chinese have almost the majority.
With all the strength of the Chinese budget manufacturer Midea device its shares at the robotics company Kuka remove: 115 euros per share, Midea has made the investors with an interesting offer – and the dominoes at Kuka in order to fall one after the other.
While it is not known how many small investors in the Chinese sell, the two main major shareholders in the offer found. So also the entrepreneur Friedhelm is now tan package of ten percent to Midea. “I like it on Thursday the decision to sell the shares, and on Friday implemented,” said Loh of the newspaper “Handelsblatt”.
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Previously, the Voith group had returned to Kuka in the back, and 25.1 percent of its shares sold. Together with a share of 13.5 percent, the Midea had already secured, would be the Chinese, so to 48.5 percent. So you were just barely a majority. The above-mentioned minimum target of 30 per cent would be exceeded.
Fear of technology Transfer
The Federal government, which provides the outflow of German technology, wishes, however, that the Midea-not to be share, ultimately, about 49 percent.
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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. (13.06.2016)
Kuka’s Executive Board has concluded the Chinese until the end of 2023 valid investment agreement and its shareholders, a sale is recommended.
The Treaty provides for comprehensive guarantees for employees and customers. The Chinese also agreed shares in excess of the 49 percent, for the same price. Who would you take, explores the Kuka Board of management is currently in discussions with potential investors. The Problem is the high price, however. Midea offers a total of 4.5 billion euros. The Swabian machine manufacturer Voith receives for its shares to 1.2 billion euros, Loh comes to just under a billion. The offer to retail investors is open until 15 may. July.
Staff representatives had argued that the two major shareholders will retain their shares. “I would have liked to see that the anchor shareholders hold the position and we will make Kuka successful together,” said the First representative of the IG Metall trade Union Augsburg and Kuka Supervisory Board Deputy Michael Leppek. Basically had been triggered by the event, Kuka is an important discussion, said Leppek. The question, what influence have the policy and what protection mechanisms were such cases in the future to prevent it.
nm/mak (dpa/rtr/afp)