# HELLA completes exit from HBPO joint venture, selling stake to Plastic Omnium

HELLA completed the transfer of its 33.33% stake in joint venture HBPO to co-shareholder Plastic Omnium for €290 million, including a dividend of approximately €8 million.

- Type: Acquisition
- Announced: 2022-12-12
- Where: Lippstadt, Germany
- Value: $306.0M (290.0M EUR)
- Status: completed
- Products: front-end modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hella Group](https://endata.com/companies/26970.md)
- [Plastic Omnium](https://endata.com/companies/1180.md) (acquirer)
- [HBPO Beteiligungsgesellschaft mbH](https://endata.com/companies/67255.md) (target)

## Sources

- [hella.com](https://www.hella.com/in/Newsroom/Press-Releases/2022-12-12-HELLA-successfully-completes-exit-from-joint-venture-HBPO-2214/), 2022-12-12: "HELLA successfully completed the exit from the joint venture HBPO."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.