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Aug 2, 2019ACQUISITIONPlettenberg, Germany Shuanghuan Driveline to acquire 81% stake in German STP Group
Shuanghuan Driveline (002472) announced plans to acquire 81% of STP Group, a German precision metal mold and formed parts manufacturer, via cash payment. The deal is subject to final agreement and approvals.
Productsmetal moldsprecision formed parts
“公司基于全球化布局及长期战略规划的发展需要，有意通过股权收购方式成为STP集团的大股东”cs.com.cn
- 2 sources
- cs.com.cn双环传动拟收购德国领先精密成型件制造商STP集团81%股权_中证网Aug 2, 2019
- yicaiglobal.comChina's Shuanghuan Buys Into German Car-Parts Maker to Cut Costs, Boost SalesDou ShicongAug 3, 2019
Summarized from public sources; check the original articles before acting on it.
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