19.04.2016 08:00:00

Signature of Faurecia’s Exterior Systems sale and purchase agreement

Regulatory News:

On April 18, 2016, Plastic Omnium (Paris:POM) executed the SPA (Sale & Purchase Agreement) for the purchase of Faurecia’s Exterior Systems’ business.

The procedures with the employee representatives were completed.

The transaction must now be submitted to the European Commission and to other relevant competition authorities.

The Faurecia’s Exterior Systems’ activity, which includes bumpers and front-end modules, includes 22 industrial sites in Germany, in France, in Spain, in Slovakia, and in North and South America. Half of the revenue, which is around €2 billion, is made in Germany, where Plastic Omnium has no bumper production site.

The acquisition is being concluded for an Enterprise Value of €665 million and will be financed by own resources.

It should be finalized during the 2nd half of 2016.

Plastic Omnium is the world leader of automotive body parts and modules, as well as the world leader of waste collection containers for local governments and for businesses. The Group and its joint ventures have 26,000 employees working in 120 plants and 21 R&D centres in 30 countries worldwide. Plastic Omnium is listed on Euronext Paris, Compartment A, is part of the Paris Bourse's monthly settlement facility (SRD) and of the SBF 120 and CAC Mid 60 indexes (ISIN code: FR0000124570).

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