EQMC fund buys 10-pct stake in Germany's Grammer

Newswire

FRANKFURT, Nov 23 (Reuters) - London-based fund EQMC has acquired a 10-percent stake in German small-cap automotive parts supplier Grammer on the market, making it the largest shareholder, the fund said on Thursday. "EQMC may continue to build its stake in the company, but does not seek a control position," it said in a statement. Fund manager Andre Rogowski said Grammer was "spectacularly undervalued" but added EQMC would not support any break up of the firm. The fund, which intends ...

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