Beijing WKW Automotive Parts and partners acquire 50% stake in Marlok Automotive for €0.7 million

Beijing WKW Automotive Parts Co., Ltd. and two other strategic partners signed an equity transfer agreement to acquire a 50% stake in Marlok Automotive GmbH for €0.7 million on September 10, 2019. Siegfried Marlok will continue as Managing Director.

“Siegfried Marlok will continue to be Managing Director of Marlok Automotive and will drive the integration of both companies.”marketscreener.com

• 1 source
• marketscreener.comBeijing WKW Automotive Parts Co.,Ltd. and two other strategic partners an equity transfer agreement to acquire 50% stake in Marlok Automotive GmbH for €0.7 million.S&P Capital IQSep 9, 2019

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