China's Midea all set to take control of German robotics firm Kuka

China's Midea all set to take control of German robotics firm Kuka

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

Midea looked set to secure a 52.8 percent controlling stake in German robotics maker Kuka on Monday after shareholders Voith and Friedhelm Loh sold their stakes to the Chinese bidder.

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