30-05-2016 19:18 via news.yahoo.com

EU, Berlin oppose Chinese bid for German robotics maker: report

Top officials in Brussels and Berlin oppose a Chinese takeover bid of German industrial robotics supplier Kuka, a newspaper reported Monday. "Kuka is a successful company in a strategic sector that is of key importance for the digital future of European industry," European Digital Economy Commissioner Guenther Oettinger told the Frankfurter Allgmeine Zeitung. Oettinger also questioned whether China would allow a foreign company to take a stake in such a strategic company and said "I'm afraid not
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