Ningbo Jifeng raises stake in Grammer to 74.02%
Transaction expected to be executed in the course of the third quarter of 2018
In a mandatory disclosure issued on 9 August in accordance with Section 23 (1) Sentence 1 Number 2 of the German Securities Acquisition and Takeover Act (WpÜG), Jiye Auto Parts, an affiliate of Ningbo Jifeng, has announced that around 48.45% of Grammer’s shareholders accepted the tender offer, according to a press release by Grammer.
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