Press release KUKA and Midea

June 13, 2022

Augsburg/Foshan, November 23 2021 – KUKA and its majority owner, the Midea Group, have defined a joint growth vision. As part of the strategy, Midea is also planning to delist KUKA from the stock exchange following a so-called “Squeeze-Out” process. Midea currently already holds a stake of more than 95% of all KUKA shares. With our shared growth plan, we are seizing this momentum: A unified shareholder structure is important for this long-term growth plan. The current listing of KUKA does not entail any material benefit for KUKA as the average daily trading volume is low.

The source of this news is from Kuka

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