Forvia SE
FRVIA: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€49.12 | Xqtf | Ztwzpjb |
Faurecia To Capitalize on Trends in Autonomous Driving, Electric Mobility, and Vehicle Electronics
Business Strategy and Outlook
Faurecia announced the acquisition of Hella on Aug. 14, 2021, and closed the deal on Jan. 30, 2022. The firm now owns a 79.5% stake. The combined group was named Forvia. However, because of Faurecia's partial stake, Hella still has a stub that trades on the Frankfurt exchange. As a result, Faurecia stock continues trade on the Paris exchange under its pre-merger name.