China’s Midea lifts stake in German robotics firm Kuka to 76.38%

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

China’s Midea Group Co Ltd said acceptances received in its 4.5 billion euro ($5 billion) takeover offer for Germany’s Kuka as of 1600 GMT on Thursday would lift its holding in the robotics firm to 76.38 percent.

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