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    Fuyao Group approved to acquire German automotive parts company

    2019-03-19 16:24:41   [Print]
    In January 2019, Germany's antitrust agency approved the takeover of SAM automotive production GmbH ("SAM") by China-based Fuyao Glass Industry Group Co.Asian Metal Copyright According to Fuyao Group's announcement on January 16, it plans to acquire SAM's assets through its wholly-owned European operation for EUR58.Asian Metal Copyright, Ltd.Asian Metal Copyright .Asian Metal Copyright ("Fuyao Group"), according to media report.Asian Metal CopyrightIn January 2019, Germany's antitrust agency approved the takeover of SAM automotive production GmbH "SAM" by China-based Fuyao Glass Industry Group Co.Asian Metal Copyright SAM, which was mainly engaged in the production and sales of aluminum automotive parts, filed for bankruptcy in August 2018.

    According to Fuyao Group's announcement on January 16, it plans to acquire SAM's assets through its wholly-owned European operation for EUR58.83 million.

    .Asian Metal Copyright "Fuyao Group", according to media reportAsian Metal Copyright
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