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    EO   FR0000121147

FAURECIA SE

(EO)
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Elliott's Singer raises stake in Germany's Hella to more than 10%

11/19/2021 | 06:45am EST
FILE PHOTO: French car parts supplier Faurecia's logo is seen during the company's investor day in Paris

FRANKFURT (Reuters) - Paul Singer, who leads activist fund Elliott, has increased his stake in German automotive lighting group Hella, which is being taken over by French car parts maker Faurecia, to more than 10%, according to filings.

Singer's stake, consisting of voting rights attached to shares and instruments, now stands at 10.75%, the filings show.

Faurecia earlier this weeks said it is not planning at this stage to make a new offer for minority shareholders in Hella after Singer's involvement was first made public.

Faurecia, which won a takeover battle for Hella earlier this year, will own 79.5% Hella's shares after its takeover offer for outstanding shares ended on Nov. 11 - below the 90% threshold it would need to delist the company.

(Reporting by Christoph Steitz, editing by Kirsti Knolle)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FAURECIA SE -2.99% 41.47 Real-time Quote.-0.86%
HELLA GMBH & CO. KGAA 0.38% 63.4 Delayed Quote.2.26%
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Analyst Recommendations on FAURECIA SE
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Financials
Sales 2021 15 420 M 17 486 M 17 486 M
Net income 2021 313 M 355 M 355 M
Net Debt 2021 3 001 M 3 403 M 3 403 M
P/E ratio 2021 20,3x
Yield 2021 2,16%
Capitalization 5 588 M 6 338 M 6 337 M
EV / Sales 2021 0,56x
EV / Sales 2022 0,46x
Nbr of Employees 104 739
Free-Float -
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Faurecia SE Technical Analysis Chart | EO | FR0000121147 | MarketScreener
Technical analysis trends FAURECIA SE
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 41,47 €
Average target price 53,76 €
Spread / Average Target 29,6%
EPS Revisions
Managers and Directors
Patrick Koller Chief Executive Officer & Director
Michel Favre Group Chief Financial Officer & Executive VP
Michel de Rosen Chairman
Christophe Schmitt Executive Vice-President-Group Operations
Odile Desforges Independent Director
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