KRAH Group and HyoSeong Electric to acquire HKR Seuffer Automotive

A consortium of KRAH Group and HyoSeong Electric will acquire the business operations of insolvent HKR Seuffer Automotive. KRAH will acquire a 50% stake in the Chinese joint venture Shanghai Krah Seuffer Electronics Co Ltd. The transaction is expected to be completed in April 2019.

“A consortium of bidders from the German KRAH Group and Korean HyoSeong Electric will acquire the business operations of insolvent HKR Seuffer Automotive.”fgs.de

• 2 sources
• fgs.deFlick Gocke Schaumburg advises KRAH Group on acquisition of HKR Seuffer through a joint venture with HyoSeong | Flick Gocke SchaumburgMar 19, 2019
• mcdermottlaw.comMcDermott Advises HyoSeong on Takeover of HKR Seuffer Together with KRAH Group | McDermottDigital AssetsMar 21, 2019

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