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EU antitrust regulators see no issues with Midea, Kuka deal

Published 09/12/2016, 08:08 AM
Updated 09/12/2016, 08:10 AM
© Reuters. A robot arm of German industrial robot maker Kuka is pictured at the company's stand in Hanover
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BRUSSELS (Reuters) - European Union antitrust regulators do not expect Chinese household appliances company Midea Group's <000333.SZ> bid for German industrial robot maker Kuka (DE:KU2G) to pose any competition issues and will do a routine check before approving the deal.

The European Commission will examine the deal under its simplified procedure, according to a filing on its website on Monday. Such reviews mean the EU enforcer do not see the deals creating significant competition problems.

© Reuters. A robot arm of German industrial robot maker Kuka is pictured at the company's stand in Hanover

The Commission will announce its decision by Oct. 14. Midea sought EU approval last Friday for the deal, which initially raised concerns in Berlin about losing control of important technology. The German economy ministry gave the green light on Aug. 17.

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