Mitteldeutsche Fahrradwerke (Mifa) has a new owner. All the assets of the German bike maker have been acquired, by the Von Nathusius family, the sole shareholder of German auto parts supplier IFA Rotorion-Holding. Detailed terms of the deal were not disclosed but have guarantees from the state of Saxony-Anhalt.  Mifa's existing employment contracts will be transferred to the new owner. On the announcement of the deal on Dec. 11, Mifa's listing on the Frankfurt Stock Exchange increased by 61.7 percent within one day. IFA Rotorion-Holding employs about 2,200 people worldwide and is based in Haldensleben, in the state of Saxony-Anhalt, which is also home for Mifa.

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