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Faurecia finalised the acquisition of a 20% interest in Parrot Automotive SAS through a reserved capital increase for EUR 27.3 million, with an enterprise value of EUR 100 million for Parrot Automotive. Faurecia will also subscribe to convertible bonds for EUR 41 million.
“Parrot wraps up its strategic and capital partnership between Faurecia and its subsidiary Parrot Automotive”reuters.com
Summarized from public sources; check the original articles before acting on it.