EQS-Adhoc: HELLA GmbH & Co. KGaA: HELLA sells BHTC shares to AUO Corporation (Taiwan)
EQS-Ad-hoc: HELLA GmbH Co. KGaA / Key word(s): Disposal/Joint Venture
HELLA GmbH Co. KGaA: HELLA sells BHTC shares to AUO Corporation (Taiwan)
02-Oct-2023 / 14:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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.
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