Faurecia to Take Over Auto Supplier Hella in $8 Billion Deal
- Founding Hueck family sells stake after nearly a century
- Faurecia offers 60 euros per Hella share plus dividend
This article is for subscribers only.
Faurecia SE agreed to take over Hella GmbH in a deal valuing the German automotive supplier at 6.8 billion euros ($8 billion), beating out rival bidders from the European car-parts industry.
Nanterre, France-based Faurecia will purchase a 60% stake from Hella’s founding Hueck family through a mixture of cash and stock, according to a statement on Saturday, which confirmed an earlier Bloomberg News report. Faurecia will make a public offer for the remainder at 60 euros a share plus a dividend of 0.96 euro apiece.