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Ningbo Jifeng Auto Parts to acquire 9.2% stake in Grammer AG for EUR 60 million
Ningbo Jifeng Auto Parts Co. Ltd. will acquire a 9.2% stake in Grammer AG for EUR 60 million. The two companies intend to form a strategic partnership to expand their presence in China and the global market. Grammer will be able to access OEMs in China by utilizing Ningbo’s sales network, while Ningbo Jifeng will be ....
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