Kuka / Midea

Kuka / Midea: Implications of the BMWi Certificate Withdrawal of Aixtron / Grand Chip



Publication Date: October 26, 2016


Research Report Overview

Our thoughts on the likelihood that the German Federal Ministry of Economic Affairs and Energy (BMWi) revisits and revokes the Certificate of Non-Objection that was issued for Midea’s acquisition of Kuka. This is on the back of the recent confirmation that Grand Chip Investment received a letter from BMWi announcing the withdrawal of the BMWi Certificate of Non-Objection, that previously approved the Aixtron / Grand Chip transaction on 8-Sep-16.


Contents (5 Pages):

1. German National Security: Sensitive versus Non-Sensitive Sectors 2. German National Security: Different Paths to Approvals, Certificates of Non-Objection 3. What Could Have Happened with Aixtron / Grand Chip 4. Implications of BMWi’s Recent Decision on Kuka / Midea 5. Views on BMWi Withdrawing the Certificate of Non-Objection Issued to Midea 6. CFIUS update 7. Latest Views on the Transaction


How to Access this Research Report

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Deal Timeline

Kuka / Midea

End Date: December 30, 2016

December 2016

November 2016

October 2016

September 2016

August 2016

July 2016

June 2016

Deal Announced: May 18, 2016
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