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AURELIUS to buy stake in German aircraft seat maker ZIM Flugsitz

German private equity firm AURELIUS Equity Opportunities SE & Co KGaA will buy a majority stake in ZIM Flugsitz GmbH from the Zimmermann family.

The Zimmermann family will continue to manage the German aircraft seat manufacturer and remain a shareholder after the transaction closes, expected in January 2020.

ZIM Flugsitz has annual revenues of roughly €55 million.