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"Berlin (dpa) - Germany‘s economy ministry gave the green light on Wednesday to the contentious takeover of leading industrial robot maker Kuka by Chinese household appliances company Midea Group.China has been on a shopping tour in Germany, picking up companies in major industrial sectors, prompting concerns among European business and political leaders about the transfer of key German technological know-how to China.But a spokesman for the Ministry of Economics said officials had completed a review of Medea‘s acquisition and had ruled out taking any further action.", en.europeonline-magazine.eu
"Shares in China's Midea Group Co Ltd (000333.SZ) hit a record high on Friday afternoon after the home appliance maker said it was increasing its stake in German robotics maker Kuka (KU2G.DE), as part of a 4.5 billion euro ($5 billion) takeover.", www.reuters.com
"KUKA AG has signed an investor agreement with Midea that commits Midea to extensive assurances until the end of 2023. Investor agreement with a term until the end of 2023 signedCommitments regarding retention of locations and jobsBusiness...", www.foundry-planet.com
"China's Midea Group's bid to takeover German robotic firm Kuka is facing obstacle, as Berlin is coordinating a counter-offer. Analysts say while China started to raise its outbound investment, the concern of losing technology to China may hinder the efforts.", english.cctv.com
"THE BUSINESS TIMES Technology - [BERLIN] German industrial robot maker Kuka would assess a possible European takeover bid but it is wrong to assume such an offer would take priority over the bid by China's Midea Group Co Ltd's , Chief Executive Till Reuter told Frankfurter Allgemeine Sonntagszeitung.. Read more at The Business Times.", www.businesstimes.com.sg
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