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China's biggest home appliances manufacturer Midea has made an unsolicited takeover bid for German industrial robot maker Kuka.

Midea is offering 115 euros per share $130; £90 for a controlling stake in the firm, valuing it at more than $5bn.

Engineering firm Voith Group and German billionaire Friedhelm Loh together own more than a third of Kuka.

Midea's shares remain suspended in Shenzhen following the announcement on Wednesday.

However, shares of Kuka surged by 13% in Frankfurt on Tuesday following media reports of Midea's impending bid.

GE ended up selling the unit to Chinese rival Haier for $5.4bn in January.

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