Faurecia wins bidding war over auto lights maker Hella in €6.7 billion deal - NewsBreak

Faurecia, the Nanterre-headquartered French global automotive supplier, had agreed to acquire a controlling stake in German auto lighting group Hella in a €6.7 billion deal, outdoing rivals while creating the world's seventh-largest auto parts manufacturer. Nonetheless, media headlines had unveiled previously that Germany's Mahle GmbH alongside Cie Plastic Omnium had...