Merryx Advances Global Expansion with Luxembourg SPV Setup for Key Asset Acquisitions

Merryx recently announced its plan to establish a special purpose vehicle (SPV) in Luxembourg through its wholly-owned subsidiary for a major asset acquisition. Up to now, the related foreign direct investment review in Germany, antitrust review in Serbia, and antitrust review in China have been successfully completed.

It is understood that Merryx plans to establish the SPV in Luxembourg through its wholly-owned subsidiary Merryx Hong Kong to acquire a 97% stake in the German company VOIT Automotive GmbH by cash, thereby indirectly acquiring a 51% stake in Fonderie Lorraine S.A.S. Additionally, the plan also includes acquiring a 100% stake in the Polish company Voit Polska Sp. Z o.o. by cash. The target companies are primarily engaged in aluminum alloy die-casting, machining, and stamping cold forming.