After lengthy negotiations and a number of safeguards in the spring of this year, the Chinese consumer electronics manufacturer Midea has been approved by the German authorities to carry out the acquisition of a large block of shares of Kuka company , one of the world's leading manufacturers of industrial robots.
Now, as reported by Reuters, a deal between Midea Group and Kuka received approval from US . These transactions are usually in agreement with the authorities of all countries, which are the key sales markets, produced by participants of the transaction. For this reason, without coordination with the Americans to conclude a deal with the Chinese Kuka could not. Now, such a permit is obtained, and the transaction will be closed in January of the coming year.
The German authorities, in turn, obtained guarantees from the Chinese long-term conservation management of the company's staff list Kuka and geographic headquarters location. Investors promise a minimum interfere in the activities of Kuka, but do not deprive themselves of the right to contribute to the strengthening of the position of the brand in the Chinese market.