German ministry to clear takeover of robot maker Kuka by China's Midea

German ministry to clear takeover of robot maker Kuka by China's Midea

A robot arm of German industrial robot maker Kuka is pictured at the company's stand during the Hannover Fair in Hanover, Germany, April 25, 2016. REUTERS/Wolfgang Rattay

Germany’s economy ministry said it would allow the takeover of industrial robot maker Kuka by Chinese household appliances company Midea Group which has raised concerns in Berlin about losing control of important technology.

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