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HERBERT SMITH FREEHILLS ADVISES FAMILY WHICH CONTROLS CHINESE SUPPLIER NINGBO JIFENG ON TAKEOVER BID FOR GERMAN GRAMMER AG

04 June 2018 | Germany
Deals and cases

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The Wang family, which controls the internationally active Chinese automotive supplier Ningbo Jifeng Auto Parts Co., has announced its intention to acquire the Amberg-based automotive supplier Grammer AG. A family holding company will make a voluntary public takeover offer for all Grammer shares. The takeover is to be handled by the acquisition entity Jiye Auto Parts GmbH.

A successful offer will enable a closer cooperation between Grammer AG and Ningbo Jifeng. The two companies have an established relationship, for over ten years. In 2017, the family acquired over 25% of Grammer AG and thus became the largest shareholder and anchor investor.

A  Herbert Smith Freehills team led by partners Dr. Markus Lauer and Dr. Ralf Thaeter advises the Wang Family on the transaction. A team led by Morgan JIANG (Shanghai) from  King & Wood Mallesons advises on Chinese law.

Media Contact

For further information on this news article, please contact:

Friederike Hartmann, Head of Business Development Germany

Germany
Tel: 
+49 69 222282408