- Preserving Grammer Group's independence and jobs are the key points of the agreement
- Concurrently, the Wang family, majority owners of Ningbo Jifeng, announced their intention to make a voluntary public takeover offer for all shares in Grammer via its German acquisition entity Jiye Auto Parts
- Grammer shareholders to receive a total consideration of EUR 61.25 per share in cash, which includes the expected dividend of EUR 1.25 per share for the fiscal year 2017
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