Nanterre, France-based Faurecia will buy a 60% stake from the founding Hueck family through a mixture of cash and stock, according to a statement.
Paris: Faurecia SE agreed to buy a majority stake in German automotive supplier Hella GmbH & Co and offered to acquire the rest in an US$8bil (RM33.9bil) deal, beating out rival bidders from the European car-parts industry.
Nanterre, France-based Faurecia will buy a 60% stake from the founding Hueck family through a mixture of cash and stock, according to a statement.
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