Bohai Automotive acquires 75% stake in German parts maker Trimet Automotive

Bohai Automotive Systems Co. plans to spend EUR 61.5 million to acquire a 75% stake in Trimet Automotive Holding GmbH, a German manufacturer of lightweight aluminum alloy parts, from Trimet Aluminium SE. The acquisition aims to expand Bohai's presence in the new-energy vehicle sector.

“Piston maker Bohai Automotive Systems Co. plans to spend EUR61.5 million (USD72.5 million) on a 75-percent stake in a German aluminum alloy parts maker to become its controlling shareholder.”yicaiglobal.com

• 1 source
• yicaiglobal.comBohai Automotive Buys 75% Stake in German Parts Maker to Break Into Global NEV SectorTang ShihuaDec 15, 2017

Summarized from public sources; check the original articles before acting on it.