Germany's Voith to sell its 25% stake in robot maker Kuka to Chinese bidder Midea

Germany's Voith to sell its 25% stake in robot maker Kuka to Chinese bidder 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

German mechanical engineering group Voith has decided to sell its 25.1 percent stake in robot maker Kuka to Chinese bidder Midea for about 1.2 billion euros ($1.34 billion), it said on Sunday.

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