Midea set to launch takeover offer for Kuka AG

China's biggest maker of home appliances Midea Group will likely announce on Thursday a full takeover bid for German industrial robot maker Kuka AG.

Midea will launch the takeover offer to all shareholders of the leading global supplier of intelligent automation solutions, according to a Reuters report, which cited sources in Kuka.

Spokesmen for the Chinese group would not comment on the report, saying a statement would be made after a takeover bid is formally announced.