December 30, 2016 / 8:50 AM / 8 months ago

BRIEF-Kuka says U.S. authorities give green light for Midea takeover

Dec 30 (Reuters) - Kuka Ag

* US government authorities CFIUS (committee on foreign investment in united states) and DDTC(directorate of defense trade controls) on December 29, 2016 have cleared take-over of Kuka Aktiengesellschaft by Mecca International (BVI) limited, a 100% subsidiary of Midea group co., LTD.

* Thus, all closing conditions of tender offer of June 16, 2016 have been met

* US government authorities grant clearances for take-over of Kuka by Midea

* Settlement of tender offer can be expected in first half of January 2017 Source text for Eikon: Further company coverage:

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