Grammer AG (GMMG.DE)
Feb 15 Hastor family's Cascade International Investment GmbH
* Says it signs MOU with Germany's Grammer AG on business development
* Confirms market rumors that it is in advanced discussions to form strategic partnership with ningbo jifeng auto parts co ltd
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.
* Grammer and Ningbo Jifeng Auto Parts plan strategic partnership
* To issue a mandatory convertible bond in a nominal amount of 60 million euros ($63.73 million) to strategic partner
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.
* FY revenue rose 19 percent to 1.69 billion euros ($1.80 billion)
* 19 percent increase in group revenue to 1.69 billion euros ($1.80 billion) in FY