Faurecia, with its wholly owned subsidiary Faurecia Participations GmbH, Frankfurt/Germany, as bidding entity, has published the offer document for its voluntary public takeover offer in cash for all outstanding shares of Hella, a major automotive player in lighting and electronics.
Faurecia SA, Nanterre/France, is offering a cash payment of €60 per share, representing an attractive premium for shareholders of Hella GmbH & Co. KGaA, Lippstadt/Germany, who can tender their shares until October 25, 2021.
The combination of Faurecia and Hella will create the 7th largest global automotive supplier, focused on 4 growth areas, fully aligned with industry megatrends: electric mobility (incl. hydrogen solutions), ADAS and autonomous driving, cockpit of the future, and lifecycle value management.
The combined group will become a major technology player focused on 6 activities. 5 of these business groups (BGs), BG Electronics, BG Lighting, BG Seating, BG Interiors and BG Clean Mobility, will each exceed €3 billion of sales. The newly created business group, Life Cycle Value Management, is expected to grow quickly into a leading position.