HELLA, the automotive supplier operating under the umbrella brand FORVIA, today completed the exit from the joint venture HBPO Beteiligungsgesellschaft mbH ("HBPO"). Following the approval of the responsible regulatory authorities, the 33.33 percent share in the joint venture has been successfully transferred to the previous co-shareholder Plastic Omnium. The purchase price amounts to € 290 million, including a dividend of approximately € 8 million. HELLA and Plastic Omnium had agreed on a corresponding share purchase and assignment agreement in July this year.
The Chairman of the Supervisory Board and the member of the Shareholders’ Committee of HELLA GmbH & Co. KGaA (“HELLA”), Klaus Kühn, has informed the Management Board today that he will resign from his mandate on the Supervisory Board and the chairmanship thereof as well as his mandate on the Shareholders’ Committee at the end of the HELLA Annual General Meeting on 30 September 2022 for personal reasons. A decision is to be taken in the near future on an appropriate succession plan, which will then be put to the Annual General Meeting for approval.
Slovenia’s Hella Saturnus, a subsidiary of German automotive parts supplier Hella, plans to build a EUR107.7m (US$117.1m) logistics centre, a document posted on the Slovenian government’s website showed, SeeNews.com reported.
The document said Hella Saturnus had applied for a EUR5.4m government incentive for the project and planned to offer 50 jobs at the logistics centre by the end of 2024.
The company would invest EUR69.8m in machinery and equipment and the centre would house a laboratory, logistics and production facilities, plus a high rack warehouse.
