Strategic partnership between Ningbo Jifeng and Grammer to improve future joint competitive position in particular in the Chinese automotive market
A Ningbo Jifeng associated company subscribes to a EUR 60 million mandatory convertible bond representing approximately 9.2% of the current share capital of Grammer AG under the exclusion of subscription rights
The two automotive components suppliers Grammer AG and Ningbo Jifeng Auto Parts Co. have today announced their joint intention to form a strategic partnership. The strategic partnership will improve the joint competitive position of the two internationally active automotive interior specialists, securing future growth and enhancing the value of iqnt vhfoodazm.
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