Forvia will transfer its subsidiary Hug Engineering to the Belgian group Ogepar – 04/15/2024 at 6:19 p.m.


Forvia SE FRVIA.PA:

* ANNOUNCES AN AGREEMENT TO TRANSFER ITS WHOLLY OWNED SUBSIDIARY, HUG ENGINEERING, TO THE BELGIAN OGEPAR GROUP FOR AN ENTERPRISE VALUE OF APPROXIMATELY 55 MILLION EUROS

* TRANSACTION EXPECTED TO CLOSE BY THE END OF JUNE 2024

* SHOULD REPRESENT A TOTAL AMOUNT OF APPROXIMATELY 250 MILLION EUROS

Original text on Eikon For more details, click on FRVIA.PA

(Gdansk editorial office)



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