Last Updated : GMT 09:40:38
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Themuslimchronicle, themuslimchronicle
Sunday 22 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Midea

China's Midea buys nearly half of German robotics firm Kuka

Themuslimchronicle, themuslimchronicleChina's Midea buys nearly half of German robotics firm Kuka192608/236
Frankfurt - AFP
Chinese appliances giant Midea moved a step closer to fulfilling its ambition to acquire German industrial robotics firm Kuka with two weekend deals raising its stake to nearly a majority. Two of Kuka's biggest German shareholders -- technology company Voith and entrepreneur Friedhelm Loh -- said they had decided to take up Midea's offer of 115 euros ($128) per shareRead more

China's Midea makes takeover offer

Themuslimchronicle, themuslimchronicleChina's Midea makes takeover offer181323/318
Shanghai - Arab Today
Chinese appliance giant Midea on Wednesday launched a takeover offer for German industrial robotics supplier Kuka and is seeking at least a 30 percent stake, according to a statement, the latest major overseas Chinese investment. Midea -- best known for its washing machines and air conditioners -- offered 115 euros ($130) per share for Kuka, one of the world’s leadingRead more

China's Midea buys 80% of Japan's Toshiba at $473m

Themuslimchronicle, themuslimchronicleChina's Midea buys 80% of Japan's Toshiba at $473m168337/85
Beijing - MENA
Japan's Toshiba Corporation and China's Midea Group Co jointly announced that they have signed a Definitive Agreement (“DA”) to transfer Toshiba’s Home Appliances Business to Midea at a 473 million dollar transaction. In a statement Thursday, Midea said the agreement is meant to strengthen their strategic partnership. By leveraging each other’s complementary capabilities and resources, the two well-respected enterprises willRead more

China's Midea buys 80% of Toshiba's home appliances arm

Themuslimchronicle, themuslimchronicleChina's Midea buys 80% of Toshiba's home appliances arm168179/85
Beijing - AFP
China's Midea Group will buy a little more than 80 percent of loss-making Japanese conglomerate Toshiba's home appliances arm for $473 million, the two companies said. Toshiba, which makes everything from rice cookers to nuclear plants, will retain the remaining 19.9 percent of Toshiba Lifestyle Products & Services Corporation (TLSC), which will retain its name, the two said in aRead more

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