Bohai Automotive Systems Co., Ltd. (SHSE:600960) agreed to acquire to acquire 75% stake in Trimet Automotive Holding GmbH from TRIMET SE on December 8, 2017. Bohai Automotive Systems Co., Ltd. signed an agreement to acquire 75% stake in Trimet Automotive Holding GmbH from TRIMET SE for €61.5 million on December 13, 2017. Bohai Automotive Systems intends to finance the acquisition via a CNY 1.7 billion (€220 million) private placement of its shares. The transaction is subject to the approvals from the Board of Directors of Bohai Automotive Systems after Trimet Automotive Holding’s audit and assessment work is completed. The transaction is also subject to approval from Germany and Slovak antitrust authorities, National Foreign Exchange Administration and German Ministry of Economy and Energy. The transaction is also subject to the approval from the shareholders of Bohai Automotive Systems and other necessary approvals. As of December 8, 2017, 20th meeting of the 6th directorate approved the transaction. As of March 28, 2018, the 24th meeting of the 6th Directorate approved the transaction. As of April 27, 2018, the 25th meeting of the 6th directorate approved the transaction. For the year ending December 31, 2016, Trimet Automotive Holding generated revenues of CNY 1.63 billion (€220 million) and Net Profit of CNY 18.95 million (€2.6 million). For the same period, Trimet Automotive Holding had Total Assets of CNY 830 million (€110 million) and Net Assets of CNY 480 million (€65 million). Christian Cornett, Wang Kaiding, Sandra Link, Christian Ostermöller, Tilmann Becker, Xia Li, Heling Zhang, Daniel Ehret, Rüdiger Knopf, Song Yanyan, Dong Yun, Liu Cheng, Bi Yun, Wang Jialin and Su Meng of King & Wood Mallesons acted as legal advisors for Bohai Automotive Systems. Deloitte, Deloitte Legal, PwC and Macquarie also advised on the transaction. Li Dan, Lan Shihong and Li Yingbin of PricewaterhouseCoopers Zhong Tian LLP acted as accountants to Trimet Automotive Holding GmbH. Li Zunong, Ji Duntan and Zhang Hongchao Zhongxinghua Certified Public Accountants LLP acted as accountants to Bohai Automotive Systems. Jiang Jianying, Zhu Xi and Zhao Hong of Zhongshui Zhiyuan Assets Appraisal Co., Ltd acted as advisors to the transaction. China Securities Co., Ltd. acted as financial advisor to Bohai Automotive.