Grammer AG (GMMG.DE)
18 Jul 2018
SHANGHAI/MUNICH Auto supplier Ningbo Jifeng Auto Parts is aiming to buy German rival Grammer in an agreed deal at a time when Chinese takeovers face increased scrutiny from German and European authorities eager to protect domestic know-how.
SHANGHAI, May 29 China's Ningbo Jifeng Auto Parts Co Ltd is in talks to buy Grammer AG in a deal that would value the German auto supplier at around 752 million euros ($874 million), Grammer said in a statement.
* GRAMMER THE EXCLUSIVE SUPPLIER FOR A LEADING US PRODUCER OF MATERIAL HANDLING EQUIPMENT
* DGAP-NEWS: GRAMMER SUCCESSFUL IN 2017 WITH RECORD REVENUE AND IMPROVED PROFITABILITY
* DGAP-NEWS: GRAMMER AG: GRAMMER WITH HIGHER REVENUE AND IMPROVED OPERATING PROFITABILITY IN 2017 AGAIN DESPITE MORE DIFFICULT UNDERLYING CONDITIONS