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Grammer AG (GMMG.DE)

GMMG.DE on Xetra

52.00EUR
21 Sep 2018
Change (% chg)

€-0.40 (-0.76%)
Prev Close
€52.40
Open
€52.75
Day's High
€54.00
Day's Low
€52.00
Volume
17,958
Avg. Vol
33,696
52-wk High
€68.45
52-wk Low
€46.15

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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 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 (656 million pounds), Grammer said in a statement.

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

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