Brief: Hella Sells Its 50 Percent Stake In Joint Venture Behr-Hella Thermocontrol

HELLA GmbH & Co KgaA

02/10/2023 13:17

Oct 2 (Reuters) - HELLA GMBH & CO KGAA  HLE.DE :
    * SELLS ITS 50 PERCENT STAKE IN JOINT VENTURE BEHR-HELLA
THERMOCONTROL
    * GMBH & CO. KGAA: HELLA SELLS BHTC SHARES TO AUO
CORPORATION
(TAIWAN)
    * TRANSACTION IS CURRENTLY STILL SUBJECT TO APPROVAL BY
RELEVANT
FOREIGN TRADE AND ANTITRUST AUTHORITIES; CLOSING IS EXPECTED TO
TAKE PLACE BY MID-2024
    * TOTAL PURCHASE PRICE IS BASED ON AN ENTERPRISE VALUE OF
600
MILLION EUROS
    * HELLA - EXPECTS A BOOK PROFIT OF AROUND 100 MILLION EUROS
FOR
BHTC SHARES
    * CLOSING IS EXPECTED TO TAKE PLACE BY MID-2024.

Source text for Eikon:  ID:nEQ3QxXmTa 
Further company coverage:  HLE.DE 

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