PIE-TICKER
Permira sells stake in German automotive supplier
Private equity investor Permira (www.permira.com) has sold its stake in formerly family-owned German automotive supplier Grammer (www.grammer.com), Amberg, after four years. Permira had acquired Grammer Holding GmbH und SV Holding GmbH, with 77.9% and 5.1% of the company's shares respectively, in 2001. The family continued to hold 15%, but has now also divested its shares. The stock was placed by Deutsche Bank with a "double-digit" number of European investors, Grammer managing board member Alois Ponnath told PIE.
22.07.2005 Plasteurope.com [10819]
Published on 22.07.2005