A Chinese home-appliance maker is looking to clinchits second big overseas takeover in two months withan offer for Kuka that values the German automationgroup at 4.6bn.
一家中國度用電器制作商正追求敲定其兩個月內第二筆大型外洋收購生意業務——對庫卡(Kuka)提出收購要約，對這家德國主動化企業估值46億歐元。
Midea said yesterday that it had offered 115 a sharefor Kuka, which makes industrial robots used byAudi, BMW and Boeing. The offer is a 60 per centpremium on Kuka’s undisturbed price on February 3, before Midea said that it had raised itsstake to 10 per cent.
美的(Midea)昨日表現，對庫卡的要約報價為每股115歐元。庫卡制作的產業機械人被奧迪(Audi)、寶馬(BMW)和波音(Boeing)所應用。該報價較庫卡2月3日(美的稱增持其股分至10%以前)未受影響時的股價有60%的溢價。
That stake has risen to 13 per cent, and Midea was obliged under German law to make an offerfor the rest of the shares because it planned to increase its stake beyond 30 per cent. Kukasaid it would review the offer and consider public opinion. A person familiar with the offer saidthat Midea was “well aware” that Berlin would be wary about a Chinese company taking over acompany connected to industrial data.
美的持股已升至13%。因為美的籌劃增持股分至30%以上，依據德公法律，它不能不對庫卡殘剩股分發出收購要約。庫卡稱，將研討該要約，並斟酌"大眾,"看法。一位熟習該要約的人士稱，美的“很清晰”柏林方面會對中國企業收購與產業數據有關的德國企業抱有戒心。
Midea has committed to Kuka’s independence, including its listing and Augsburgheadquarters, and keeping the top shareholders in the company. It would not attempt atakeover if its offer was rejected, it added. Midea also ruled out seeking a dominationagreement, required in Germany when a buyer seeks to integrate a target and control its cashflow.
美的許諾堅持庫卡的自力性，包含上市狀況及奧格斯堡(Augsburg)總部，而且保存該公司的大股東。美的彌補稱，假如其要約被謝絕，它不會妄圖提議收購。美的也排除追求掌握協定的大概。在德國，假如買家追求整合目的並掌握其現金流，須要殺青掌握協定。
Till Reuter, Kuka chief executive, said this month the South China group had “a veryinteresting operation”. Kuka had been in contact about automating more than 100 logisticscentres, he said, but the relationship was “arm’s length”.
庫卡的首席履行官蒂爾•羅伊特(Till Reuter)本月表現，總部處於中國華南地域的美的具有“異常故意思的營業”。羅伊特稱，此前庫卡與美的就100多個物流中間的主動化舉行洽商，然則兩家公司的幹系是堅持必定間隔的。
市場價：HK$ 110
