HELLA GMBH & CO. KGAA (FRA:HLE) EQS-Adhoc: HELLA GmbH & Co. KGaA: HELLA sells BHTC shares to AUO Corporation (Taiwan)
Transparency directive : regulatory news
02/10/2023 14:15
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EQS-Ad-hoc: HELLA GmbH & Co. KGaA / Key word(s): Disposal/Joint Venture
Lippstadt, 2 October 2023. HELLA GmbH & Co. KGaA (“HELLA”) sells its 50 percent stake in the joint venture Behr-Hella Thermocontrol (“BHTC”) as part of an overall transaction over 100 percent to the listed AUO Corporation (Taiwan). Today, HELLA has signed the relevant agreement with the buyer AUO Corporation and the joint venture partner MAHLE Behr GmbH & Co. KG (“MAHLE”), part of the MAHLE Group, which is also selling its shares. The total purchase price is based on an enterprise value of 600 million euros. HELLA expects a book profit of around 100 million euros for the BHTC shares. The transaction is currently still subject to approval by the relevant foreign trade and antitrust authorities; closing is expected to take place by mid-2024.
End of Inside Information
02-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | HELLA GmbH & Co. KGaA |
| Rixbecker Str. 75 | |
| 59552 Lippstadt | |
| Germany | |
| Phone: | +49 (0)2941 38-7125 |
| Fax: | +49 (0)2941 38-6647 |
| E-mail: | Investor.Relations@hella.com |
| Internet: | www.hella.de/ir |
| ISIN: | DE000A13SX22, DE000A3E5DP8 |
| WKN: | A13SX2, A3E5DP |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1739205 |
| End of Announcement | EQS News Service |
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1739205 02-Oct-2023 CET/CEST
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