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  • BERLIN, June 3- Germany denied interfering in Chinese home appliance maker Midea's 4.5 billion euro bid for industrial robot maker Kuka on Friday, saying it was not organizing a rival offer. German government sources have said Berlin would examine how critical Kuka's technology is for the digitisation of industry, an economic priority for Chancellor Angela...

  • BERLIN, June 2- As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad. When Putzmeister, a 58- year-old maker of pumps for concrete, was bought by its Chinese competitor Sany for 360 million euros in 2012, its workers...

  • BEIJING, June 2- China said on Thursday the purchase of German industrial robot maker Kuka by Chinese home appliance maker Midea Group Co Ltd should not be politicized as it is simply a commercial deal. German government sources have said Berlin would examine how critical Kuka's technology is for the digitisation of industry, an economic priority for...

  • FRANKFURT, June 1- German sales of robotics and automation equipment, an engine of the country's export-led economy, are expected to rise just 2 percent this year as political and economic uncertainty around the world delays investment decisions. That would mark a slowdown from 7 percent growth last year, but would beat the flat sales expected for Germany's...

  • BERLIN, June 1- The German government is trying to coordinate an alternative offer for industrial robot maker Kuka following Chinese home appliance maker Midea Group Co Ltd's 4.5 billion euro takeover bid, Germany's economy minister said on Wednesday. Kuka is the latest and biggest German industrial technology group to be targeted by a Chinese buyer as the...

  • BERLIN, May 31- Germany has no plans to sell its 11 percent stake in Airbus Group SE, Europe's largest aerospace company, a senior German government official said on Tuesday. Brigitte Zypries, parliamentary state secretary at the German Economics Ministry, told Reuters that Germany had in the past considered selling its stake in the European aerospace firm to...

  • BERLIN, May 31- Germany's Economy Minister Sigmar Gabriel said on Tuesday he would welcome an alternative offer for industrial robot maker Kuka following Chinese home-appliance maker Midea's 4.5 billion-euro takeover bid. "Of course I would view it as appropriate if there were at least an alternative offer from Germany or Europe," Gabriel told reporters.

  • BERLIN, May 27- Germany is closely monitoring Chinese investment in the country and will consider each takeover on a case-by-case basis to ensure it does not lose key technology, a government source said on Friday. "We support investment in Germany but we must make sure that there is no outflow of technology," the source told Reuters. Last week, home appliance maker...

  • AUGSBURG, Germany, May 27- The chief executive of German industrial robot maker Kuka said on Friday he welcomed an impending 4.5 billion- euro takeover bid from Chinese home appliance maker Midea. China is the world's biggest market for industrial robots and robot sales in China rose 16 percent last year, driving global sales up 8 percent. However, Chancellor...

  • *Amsterdam attracting a series of new listings. Philips set an IPO price of 20 euros Thursday night, implying a market capitalisation of 3 billion euros, or an enterprise value of 4.5 billion euros including debt.. The shares rose eight percent to 21.45 euros in early trading in Amsterdam.

  • *Friedhelm Loh built father's firm into global leader. FRANKFURT, May 26- German billionaire Friedhelm Loh stands to make a huge profit if industrial robot manufacturer Kuka accepts a $5- billion takeover bid by Chinese home appliance producer Midea. His purchase of a stake in Kuka, a poster child of Germany's drive to upgrade its manufacturing sector to master...

  • WASHINGTON, May 26- Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over. The Commerce Department said on Thursday orders for durable goods, items ranging from toasters...

  • May 23- Fujian Grand Chip Investment Fund LP said on Monday it had agreed to buy Aixtron in a deal valuing the German semiconductor equipment maker at 670 million euros, adding to a string of Chinese takeovers of German technology companies. Chinese home appliance maker Midea Group made an offer on May 18 to buy Kuka, valuing the German factory robot manufacturer...

  • BERLIN, May 19- A $5- billion bid by Chinese home appliance maker Midea Group to buy German industrial robot manufacturer Kuka AG poses a dilemma for Angela Merkel. The conservative chancellor champions domestic innovation of the so-called industrial internet and her ruling coalition has made "Industrie 4.0," the digitisation of industry, a core part of its...

  • FRANKFURT, May 18- Chinese home appliance maker Midea Group made an offer on Wednesday to buy German factory robot manufacturer Kuka AG, the latest bid by a Chinese investor to gain control of cutting-edge German industrial technology. The 115 euro per share offer values Kuka at around 4.5 billion euros and represents a premium of 36 percent to Kuka's share...

  • FRANKFURT, May 18- Chinese home appliance maker Midea Group made an offer on Wednesday to buy German factory robot manufacturer Kuka AG, the latest bid by a Chinese investor to gain control of cutting-edge German industrial technology. The 115 euro per share offer values Kuka at around 4.5 billion euros and represents a premium of 36 percent to Kuka's share...

  • HONG KONG, May 18- When Chinese white goods giant Haier Group bought a 20 percent stake in Fisher& Paykel Appliances in 2009, the heavily-indebted New Zealand company was at the mercy of its banks, hit by a depressed housing market and an ill-timed factory relocation overseas. Haier's advance in Australia, largely fueled by its own deep pockets, may be an...

  • FRANKFURT, May 9- Buyout group Cinven is preparing to sell German residential and technical lighting products maker SLV in a potential 800 million euro deal, three people familiar with the matter said. Europe's listed lighting manufacturers include Fagerhult of Sweden, Beghelli of Italy and Austria's Zumtobel. SLV is benefiting from strong construction...

  • Analysts value unit at around 5 billion euros. *Philips Group will now focus on Healthcare operations. AMSTERDAM, May 3- Philips plans to sell at least 25 percent of its lighting business, the world's largest maker of lights, on the stock market to focus on its larger medical equipment operations, it said on Tuesday.

  • But the company said it still expects full-year 2016 ongoing business earnings per share at $14.00 to $14.75. The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year earlier. Morgan analyst Michael Rehaut said in a note he expects a slightly negative reaction in the...