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Announced

Faurecia to acquire remaining 50% of its joint venture with Continental for €225m.

Financials

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Transaction Value£195m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Pending

Acquisition

Private

Germany

Friendly

automotive cockpits

Auto Parts

Single Bidder

Private Equity

Synopsis

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Faurecia, a French car parts group, agreed to acquire the remaining 50% of its joint venture with Continental, a German auto group for €225m ($248m). “SAS has strong growth potential and represents an excellent opportunity for Faurecia strategically and financially,” Patrick Koller, Faurecia Chief Executive.

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