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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

56.76EUR
11:18am EDT
Change (% chg)

€1.42 (+2.57%)
Prev Close
€55.34
Open
€57.04
Day's High
€59.15
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€55.57
Volume
80,475
Avg. Vol
59,798
52-wk High
€59.49
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€31.30

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BRIEF-Grammer FY revenue up at 1.7 billion euros

* Outlook for 2017: further growth accompanied by rising profitability

BRIEF-Hastor family renews demand for Grammer EGM after Ningbo deal

Feb 15 Hastor family's Cascade International Investment GmbH

BRIEF-Ningbo Jifeng Auto Parts signs MOU with Germany's Grammer AG

* Says it signs MOU with Germany's Grammer AG on business development

BRIEF-Grammer in advanced discussions to form strategic partnership with Ningbo Jifeng

* Confirms market rumors that it is in advanced discussions to form strategic partnership with ningbo jifeng auto parts co ltd

UPDATE 2-Germany's Grammer to sell stake to China's Ningbo Jifeng

FRANKFURT, Feb 14 Germany's Grammer AG said on Tuesday it plans to sell a 9.2 percent stake to China's Ningbo Jifeng Auto Parts Co Ltd as the automotive interiors maker looks to counter activist shareholders the Hastor family.

BRIEF-Grammer says plans strategic partnership with Ningbo Jifeng Auto Parts

* Grammer and Ningbo Jifeng Auto Parts plan strategic partnership

BRIEF-grammer to issue mandatory convertible bond in nominal amount of EUR 60 mln

* To issue a mandatory convertible bond in a nominal amount of 60 million euros ($63.73 million) to strategic partner

China's Ningbo Jifeng to take 10 percent stake in Grammer -sources

FRANKFURT, Feb 13 China's Ningbo Jifeng Auto Parts Co. Ltd is preparing to buy a 10 percent stake in German auto components company Grammer, two people familiar with the matter said on Monday.

BRIEF-Grammer FY 2016 EBIT up 70 pct at 72 million euros

* FY revenue rose 19 percent to 1.69 billion euros ($1.80 billion)

BRIEF-Grammer FY group revenue up 19 pct to 1.69 billion euros

* 19 percent increase in group revenue to 1.69 billion euros ($1.80 billion) in FY

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