KUKA AG completes Squeeze-out

The squeeze-out of minority shareholders resolved by the Annual General Meeting on May 17, 2022 has become effective with today's entry in the commercial register. All shares of the minority shareholders have been transferred to the majority shareholder Guangdong Midea Electric Co, Ltd, a holding company owned by the Chinese parent company Midea. The minority shareholders will receive a cash compensation of EUR 80.77 per share from Guangdong Midea Electric Co., Ltd. The details will be announced by Guangdong Midea Electric Co., Ltd. over the next days.