Finance / 14/12/2015
Faurecia to divest its Automotive Exteriors business to Plastic Omnium
The business that would be sold, which is comprised of bumpers and front end modules, had sales of € 2 billion in 2014 and employs 7,700 people in 22 sites. The composite business, the Faurecia plant for Smart in Hambach (France) and two joint ventures in Brazil and China are not included in the deal. The transaction is based on an Enterprise Value of € 665 million.
Finance / 26/07/2016During the first half of 2016, Faurecia showed a strong improvement of its profitability.+
Finance, Corporate / 11/07/2016The European Commission has now approved the sale of Faurecia Automotive Exteriors to Plastic Omnium, subject to a commitment from Plastic Omnium to divest all of the bumper business in France and a site in Spain as well as the Front End Module business in Germany.+