Fuyao Glass to acquire SAM Automotive Group for EUR58.3 million

Fuyao Glass Industry Group will acquire insolvent German car parts maker SAM Automotive Group for EUR58.3 million (USD66.5 million) through its European unit. The deal includes all of SAM's assets including production equipment, raw materials, and finished products.

“Fuyao Glass will use its European unit to purchase SAM for EUR58.3 million (USD66.5 million), the Fuzhou-based company said in a statement yesterday.”yicaiglobal.com

• 2 sources
• yicaiglobal.comChina's Fuyao Glass to Buy Insolvent German Car Parts Maker SAM for USD66.5 MillionTang ShihuaJan 17, 2019
• beta.zhitongcaijing.com福耀玻璃(03606)完成SAM资产交割Feb 28, 2019

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