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Chinese automotive supplier Ningbo Jinfeng Auto Parts plans to acquire German competitor Grammer AG, with management support and a job guarantee for 7.5 years; Ningbo Jinfeng already holds 25% of Grammer shares.
“The management of Grammer AG reacted positively to the offer and supported the takeover project.”china-certification.com
Summarized from public sources; check the original articles before acting on it.