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FORVIA announced yesterday two news:
- The signature by Faurecia of a €315 million 7-year loan with the European Investment Bank to contribute to financing the Group’s hydrogen activity investments,
- The divestment by HELLA of its 33% stake in the joint-venture HBPO for €290 million to its co-shareholder, Plastic Omnium, with a closing expected in the fourth quarter of 2022.
With these two operations, FORVIA will increase its financial liquidity by c. €600 million and will have already achieved close to 30% of its announced plan to divest non-strategic assets for a total amount of €1 billion by the end of 2023.
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