Forvia SE
FRVIA: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€81.74 | Tytb | Fswnksdk |
Forvia to Capitalize on Major Auto Trends Like Autonomy, Electrification, and Lighting
Business Strategy and Outlook
Forvia (formerly known as 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 changed its name to Forvia. However, because of Forvia's partial stake, Hella still has a stub that trades on the Frankfurt exchange.