China's Midea plans major stake in German robotics firm: report

Shares of Chinese appliance giant Midea were suspended from trading on Wednesday, the Shenzhen exchange said, following media reports that the company plans to boost its stake in German industrial robotics supplier Kuka. The Wall Street Journal reported on Tuesday that Midea was close to disclosing an offer for Kuka, which it described as a "takeover", quoting people familiar with the matter. The report said Midea was considering lifting its stake in Kuka to more than 30 percent from around 10 p