POINTERS
Schroder Ventures acquires Grammer majority
British venture capital company Schroder Ventures ( www.schroders.com) has acquired 68% of the previous family-owned automobile seat manufacturer Grammer AG (D-92205 Amberg; www.grammer.de). The family will continue to hold a stake. Schroder Ventures plans to carry out a 50% equity increase and has made an offer to all other shareholders. Following losses in 1999, Grammer managed to achieve a turnaround in 2000, despite a debt burden of around EUR 546m.
24.05.2001 Plasteurope.com [16694]
Published on 24.05.2001