Brief: Grammer In Advanced Talks To Establish JV With Changchun Fawsn Group

GRAMMER AG

24/10/2019 15:54

Oct 24 (Reuters) - GRAMMER AG  GMMG.DE :
    * IS IN ADVANCED NEGOTIATIONS TO ESTABLISH A JOINT VENTURE
WITH
CHANGCHUN FAWSN GROUP CO., LTD.
    * JOINT VENTURE FOR AUTOMOTIVE INTERIOR COMPONENTS
    * GRAMMER WILL BE HOLDING 50 PERCENT OF FUTURE JOINT VENTURE
CHANGCHUN GRAMMER FAWSN VEHICLE PARTS CO., LTD.
    * OTHER 50 PERCENT WILL BE HELD BY CHANGCHUN FAWSN GROUP
CO., LTD
    * EXPECTS SUBSTANTIAL FUTURE BUSINESS VOLUMES TO BE REALIZED
FROM
THIS JOINT VENTURE

Source text for Eikon:  ID:nEQ6rtSppa 
Further company coverage:  GMMG.DE 

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