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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

59.75EUR
11:35am EDT
Change (% chg)

€0.00 (+0.00%)
Prev Close
€59.75
Open
€59.90
Day's High
€59.90
Day's Low
€59.70
Volume
3,395
Avg. Vol
36,205
52-wk High
€68.45
52-wk Low
€42.63

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Tue, May 29 2018

Chinese firm to snap up German auto supplier Grammer

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.

Chinese firm in talks to takeover German auto supplier Grammer

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.

BRIEF-Grammer As Exclusive Supplier For Leading US Producer Of Material Handling Equipment

* GRAMMER THE EXCLUSIVE SUPPLIER FOR A LEADING US PRODUCER OF MATERIAL HANDLING EQUIPMENT

BRIEF-Grammer FY Operating EBIT Up 18 Percent At 80.2 Million EUR

* DGAP-NEWS: GRAMMER SUCCESSFUL IN 2017 WITH RECORD REVENUE AND IMPROVED PROFITABILITY

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