Signature of Faurecia’s Exterior Systems sale and purchase agreement
April 19 2016 - 2:00AM
Business Wire
Regulatory News:
On April 18, 2016, Plastic Omnium (Paris:POM) executed the SPA
(Sale & Purchase Agreement) for the purchase of Faurecia’s
Exterior Systems’ business.
The procedures with the employee representatives were
completed.
The transaction must now be submitted to the European Commission
and to other relevant competition authorities.
The Faurecia’s Exterior Systems’ activity, which includes
bumpers and front-end modules, includes 22 industrial sites in
Germany, in France, in Spain, in Slovakia, and in North and South
America. Half of the revenue, which is around €2 billion, is made
in Germany, where Plastic Omnium has no bumper production site.
The acquisition is being concluded for an Enterprise Value of
€665 million and will be financed by own resources.
It should be finalized during the 2nd half of 2016.
Plastic Omnium is the world leader of automotive body parts and
modules, as well as the world leader of waste collection containers
for local governments and for businesses. The Group and its joint
ventures have 26,000 employees working in 120 plants and 21 R&D
centres in 30 countries worldwide. Plastic Omnium is listed on
Euronext Paris, Compartment A, is part of the Paris Bourse's
monthly settlement facility (SRD) and of the SBF 120 and CAC Mid 60
indexes (ISIN code: FR0000124570).
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version on businesswire.com: http://www.businesswire.com/news/home/20160418006791/en/
For Plastic Omnium:Financial information:+33 (0)1 40 87 66
78Fax: +33 (0)1 40 87 66 78investor.relations@plasticomnium.com
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