Car parts maker Faurecia launches 705 million euros cap hike to fund Hella buy –

June 6, 2022 by No Comments

PARIS, June 3 (Reuters) – French auto parts supplier Faurecia (EPED.PA) launched a 705 million euro ($758 million) capital increase to fund its acquisition of German rival Hella (HLE.DE), it said on Friday.

Faurecia sealed the purchase in February, creating a combined group named Forvia, which is set to become the seventh-largest automotive supplier in the world.

($1 = 0.9299 euros)

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Reporting by Silvia Aloisi;
Editing by Sudip Kar-Gupta

Our Standards: The Thomson Reuters Trust Principles.



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