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German billionaire could get windfall from stake in robot maker Kuka

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Larry Johnson
May 26, 2016 17:37

View photosMoreA staff member stands next to robots at a plant of Kuka Robotics in Shanghai, China August 13, 2014.

REUTERS/Pete Sweeney/File Photo

FRANKFURT Reuters - German billionaire Friedhelm Loh stands to make a huge profit if industrial robot manufacturer Kuka accepts a $5-billion takeover bid by Chinese home appliance producer Midea .

But the media-shy entrepreneur has not said whether he will sell his 10-percent stake in Kuka under the offer, announced last week, which would transfer cutting-edge German technology into Chinese hands.

Another big shareholder, German mechanical engineering group Voith, holds a 25-percent stake and has not announced its plans.

If Midea's unsolicited bid is successful, it could net Loh about three times the investment he made over the course of 2014, according to Reuters calculations.

His purchase of a stake in Kuka, a poster child of Germany's drive to upgrade its manufacturing sector to master the industrial Internet, was his first foray into publicly listed companies just over two years ago.

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Larry Johnson
May 26, 2016 17:37
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