DGAP-News: HELLA GmbH & Co. KGaA: Exit from joint venture: HELLA agrees sale of HELLA held HBPO shares to Plastic Omnium
By selling its stake in HBPO, global automotive supplier HELLA is continuing its proven course of consistent portfolio management.
- By selling its stake in HBPO, global automotive supplier HELLA is continuing its proven course of consistent portfolio management.
- HELLA CEO Michel Favre says: "Together with our partners, we have successfully positioned HBPO as one of the leading suppliers of highly integrated front-end modules.
- By purchasing our shares in the joint venture, Plastic Omnium will get the opportunity to further increase the focus of HBPOs development, offering stakeholders a strong outlook."
- HBPO, headquartered in Lippstadt (Germany), was established in 2004 as a joint venture between three automotive suppliers, HELLA, Behr (today MAHLE) and Plastic Omnium.