5 ms·

And in Germany minister Gabriel is trying to find a European buyer, while the Chinese Midea makes offers to buy Kuka Robotics. Somehow I have the feeling that t

by cm3 10y ago

And in Germany minister Gabriel is trying to find a European buyer, while the Chinese Midea makes offers to buy Kuka Robotics. Somehow I have the feeling that the minister doesn't realize that Midea already owns 76% of Kuka's shares. In a global economy, is it really a risk for already global companies to be owned by someone who isn't in said company's original HQ nation? What difference does it make, given that the whole operation is already distributed over the globe? http://www.bloomberg.com/news/articles/2016-06-02/midea-touts-kuka-robot-maker-deal-as-offer-hits-german-barrier-ioxs71nb http://www.bloomberg.com/news/articles/2016-06-02/midea-tout... http://www.reuters.com/article/us-kuka-midea-group-stake-idUSKCN0ZV0Z4 http://www.reuters.com/article/us-kuka-midea-group-stake-idU...

foepys 10y ago
Yes, but as far as I know, Midea offered to buy Kuka's stocks for 115€ per share instead of 8€ that they were worth at the time and increased it's stake from 16% to 76% this way.
- cm3 10y ago
  Yeah, given that Kuka already has a subsidiary in China and that Midea owns 76%, I don't know what exactly would change when it's fully owned by Midea.
  - lispm 10y ago
    The intellectual property...
  - matco11 10y ago
    German corporate governance laws require a parent company to operate at arms-length for ownership levels between 50%+1 and 95%. This means no changes of management allowed, no revenue synergies, no cost synergies. By acquiring the remaining shares, they would be allowed to take actual control.
    - deleted 10y ago
      [deleted]
thesimon 10y ago
>What difference does it make, given that the whole operation is already distributed over the globe? It limits your potential job offers after your career as a politician.
- blastrat 10y ago
  foreigners are much more likely to hire people with local influence!
  - chocolatebunny 10y ago
    But you can guarantee your position by stalling their buyout until they agree to hire you after you retire.
  - Gravityloss 10y ago
    Indeed. IIRC Russians hired Gerhard Schröder for gas pipe pr...
- deleted 10y ago
  [deleted]

by cm3 10y ago

foepys 10y ago

Yes, but as far as I know, Midea offered to buy Kuka's stocks for 115€ per share instead of 8€ that they were worth at the time and increased it's stake from 16% to 76% this way.

cm3 10y ago
Yeah, given that Kuka already has a subsidiary in China and that Midea owns 76%, I don't know what exactly would change when it's fully owned by Midea.
- lispm 10y ago
  The intellectual property...
- matco11 10y ago
  German corporate governance laws require a parent company to operate at arms-length for ownership levels between 50%+1 and 95%. This means no changes of management allowed, no revenue synergies, no cost synergies. By acquiring the remaining shares, they would be allowed to take actual control.
  - deleted 10y ago
    [deleted]

thesimon 10y ago

>What difference does it make, given that the whole operation is already distributed over the globe? It limits your potential job offers after your career as a politician.

blastrat 10y ago
foreigners are much more likely to hire people with local influence!
- chocolatebunny 10y ago
  But you can guarantee your position by stalling their buyout until they agree to hire you after you retire.
- Gravityloss 10y ago
  Indeed. IIRC Russians hired Gerhard Schröder for gas pipe pr...
deleted 10y ago
[deleted]