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HELLA GmbH & Co. KGaA: HELLA reaches agreement with Plastic Omnium on the sale of the 33.33% stake in HBPO held by HELLA for a price of EUR 290 million

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HELLA GmbH & Co. KGaA / Key word(s): Disposal/Joint Venture
HELLA GmbH & Co. KGaA: HELLA reaches agreement with Plastic Omnium on the sale of the 33.33% stake in HBPO held by HELLA for a price of EUR 290 million

28-Jul-2022 / 19:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

HELLA GmbH & Co. KGaA: HELLA reaches agreement with Plastic Omnium on the sale of the 33.33% stake in HBPO held by HELLA for a price of EUR 290 million

Lippstadt, 28 July 2022. HELLA GmbH & Co. KGaA (“HELLA”), the company operating under the umbrella brand FORVIA, has decided to sell its 33.33 percent stake in the joint venture HBPO Beteiligungsgesellschaft mbH (“HBPO”) to the co-shareholder Plastic Omnium. Today, HELLA signed a corresponding Share Purchase and Transfer Agreement with Plastic Omnium GmbH, a subsidiary of the co-shareholder Plastic Omnium Modules S.A.S., Lyon, which is a subsidiary of the French automotive supplier Compagnie Plastic Omnium SE. The agreed purchase price amounts to 290 million euros (cum dividend of around 8 million euros). Subject to regulatory approvals by the relevant authorities, the transaction is expected to close (“Closing”) in the fourth quarter of 2022.

28-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

HELLA GmbH & Co. KGaA

Rixbecker Str. 75

59552 Lippstadt

Germany

Phone:

+49 (0)2941 38-7125

Fax:

+49 (0)2941 38-6647

E-mail:

Investor.Relations@hella.com

Internet:

www.hella.de/ir

ISIN:

DE000A13SX22, DE000A3E5DP8

WKN:

A13SX2, A3E5DP

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange

EQS News ID:

1408591


 

End of Announcement

DGAP News Service

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