Anchor shareholder Ningbo Jifeng increases its share in Grammer AG to 74 percent
Grammer welcomes successful tender offer
Existing strategic partnership to be strengthened based on business combination agreement (BCA)
In a mandatory disclosure issued today in accordance with Section 23 (1) Sentence 1 Number 2 of the German Securities Acquisition and Takeover Act (WpÜG), Jiye Auto Parts GmbH, a company associated with Chinese automotive supplier Ningbo Jifeng and Grammer’s strategic partner, has announced that around 48.45 percent of Grammer’s shareholders accepted the tender offer.
Ningbo Jifeng’s associated companies currently hold 25.56 percent of Grammer’s shares. Including the shares that have now rhzs hpplhzkk, shxg hlvna fgzuroapw ll 65.41 icjvoyl.
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