Kuka Backs Takeover Bid by China’s Midea After Jobs Pledge

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  • Kuka is talking behind scenes with other potential investors
  • Confidential customer and supplier data will be protected

Germany’s Kuka AG gave its backing to a takeover offer by China’s Midea Group Co. that’s coming under close scrutiny from Germany’s political elite in return for assurances that jobs and plants will be protected until the end of 2023.

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