Plastic Omnium to acquire Mahle's stake in HBPO joint venture

Compagnie Plastic Omnium signed an agreement to acquire Mahle's 33.33% stake in the HBPO joint venture for €350 million, increasing its ownership to 66.66%. The transaction is subject to competition authority approval.

“The size and technological expertise of HBPO will enable Plastic Omnium to speed up its development in smart modular products faced with the technological challenges of tomorrow's autonomous and connected car.”opmobility.com

• 3 sources
• opmobility.comPlastic Omnium is strengthening its position as world leader of front-end modules - OPmobilityFeb 28, 2018
• newsroom.mahle.comWithdrawal from joint venture: MAHLE plans to sell HBPO shares to Plastic Omnium - MAHLE NewsroomMar 1, 2018
• plasticsnews.comMahle-to-sell-HBPO-shares-to-Plastic-OmniumAudrey LaForestMar 2, 2018

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