MAs/lnvestments/Tie-ups

摘要

1.French automotive supplier Faurecia SE is to take over German family-owned lighting/electronics specialist Hella for EUR6.8 billion,out bidding rivals like France-based Plastic Omnium and Germany's Mahle Group.Faurecia will purchase a 60% stake from Hella's founding Hueck family through cash/stock,to become the seventh largest global automotive supplier.The Hueck family will own 9% of the combined company.The closing is expected in early 2022 and the deal,one of the biggest in the European automotive parts industry in recent years,would create a company with annual sales of about EUR23 billion.In February,Hella completed the sale of its front camera software business to Volkswagen AG.