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

June 7, 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)

Register now for FREE unlimited access to Reuters.com

Reporting by Silvia Aloisi;
Editing by Sudip Kar-Gupta

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/markets/europe/car-parts-maker-faurecia-launches-705-mln-euros-cap-hike-fund-hella-buy-2022-06-03/

Tags:

Leave a Comment

Your email address will not be published.