Loh sold shares: Chinese have Kuka “in the bag” – n-tv.de NEWS

 Economy
 

 Monday 04 July 2016

 
 
 

 
 sold by Voith with Friedhelm Loh, another major shareholder’s shares in the robot manufacturer Kuka at Midea. Thus, the Chinese now hold more than 50 percent. The federal government wants a Midea-49 percent.
 

 
  Charts
 
 

The Chinese home appliances manufacturers Midea has the majority at the Augsburg robot manufacturer Kuka safely. The hessian entrepreneur Friedhelm Loh accepted the offer from the Middle Kingdom and gave his share of ten percent. “I have on Thursday the decision to sell the stake like and reacted on Friday,” he said

Midea offers 115 euros per share -. In Lohs case a sum of about 460 million euros. The Swabian machine manufacturer Voith had already announced at the weekend, his shares of 25.1 percent Midea for sale. the Chinese are coming together with the previous fraction and other recently acquired papers now to around 53 percent in Kuka.

The federal government, which is concerned about the outflow of German technology, wishes, however, that the Midea share ultimately should not exceed 49 percent. The Chinese were willing to pass beyond shares at the same price. Who could take them, the Kuka Board explores currently in discussion with potential investors.

top management and employee representatives had advertised that the two major shareholders retain their shares. To exit from Voith and Loh Kuka declined to comment. Even with the current negotiations rejected the MDAX Group to comment.

More about
 
 
 

As with finding a – desired by politics – European counteroffer for Midea-offer the high price is an obstacle. The Chinese have a total of around 4.5 billion euros. Voith gets about 1.2 billion euros, Loh almost half a billion for the sale of its shares. The offer period will run until 15 July.

Loh said that he had no direct contact with the shareholders of Voith. Each shareholder must “decide for themselves because of their own interests,” the report said. “After management and supervisory boards as well as the employee representatives have decided to offer the company Midea, it makes no sense to remain as a minority shareholder on board.” Kuka is hoping to grow significantly faster with the help of Midea, especially in the world’s biggest robot market China.

  Source: n-tv.de
 

  themes