# Zhejiang Shuanghuan Driveline to acquire 81% of STP Group

Zhejiang Shuanghuan Driveline signed a letter of intent to purchase 81% of shares in STP Group (STP Schmiedetechnik Plettenberg) from VVP Vermögensverwaltung Plettenberg GmbH & Co. KG.

- Type: Acquisition
- Announced: 2019-07-31
- Where: Germany
- Status: announced
- Products: driveline components, forged parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [STP LLC](https://endata.com/companies/9497.md) (target)
- [Zhejiang Shuanghuan Driveline](https://endata.com/companies/41059.md) (acquirer)
- [VVP Vermögensverwaltung Plettenberg GmbH & Co. KG](https://endata.com/companies/41060.md) (partner)

## Sources

- [marklines.com](https://www.marklines.com/en/news/229269), 2019-08-01: "Zhejiang Shuanghuan Driveline Co., Ltd. said on July 31, 2019, that it signed a letter of intent on share purchase from VVP Vermögensverwaltung Plettenberg GmbH & Co. KG."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.