By FDI Creative Services on 06/29/2016
Category: Security News

Kuka CEO says company in talks with potential new investors


German robotics maker Kuka is in confidential talks about potential new investors but has so far only received a takeover offer from Chinese bidder Midea, Chief Executive Gordon Riske said on Wednesday.

Midea, which already owns a 13.5 percent Kuka stake, made a 115 euros a share takeover offer earlier this month, causing furore among German politicians who have urged Kuka to remain independent.


Earlier this week, Midea and Kuka unveiled an investor agreement which includes a commitment to keep its existing headquarters, factories and jobs.



(Reporting by Irene Preisinger, writing by Edward Taylor; Editing by Tina Bellon)

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