Faurecia buys Hella for 6,800 million to create a giant of the components | Companies

The auto components firm Faurecia has agreed to buy Germany’s Hella in an operation that values ​​the German manufacturer at 6.8 billion euros (8 billion dollars) and that exceeds the offers of other European competitors. Nanterre, France-based Faurecia will buy 60% of Hella from the Hueck family, the company’s founder, through a mix of cash […]