EU antitrust regulators see no issues with Midea, Kuka deal
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BRUSSELS (Reuters) - European Union antitrust regulators do not expect Chinese household appliances company Midea Group's <000333.SZ> bid for German industrial robot maker Kuka
The European Commission will examine the deal under its simplified procedure, according to a filing on its website on Monday. Such reviews mean the EU enforcer do not see the deals creating significant competition problems.
The Commission will announce its decision by Oct. 14. Midea sought EU approval last Friday for the deal, which initially raised concerns in Berlin about losing control of important technology. The German economy ministry gave the green light on Aug. 17.
(Reporting by Foo Yun Chee, editing by Louise Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Thanks for the memory cards: North Koreans return home from China
- Stephen Hawking discharged from Rome hospital
- France's Left starts fightback after Hollande bows out of presidential race
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!