HELLA: FAMILY CONSIDERING SALE – REPORT

The Hueck family are considering selling their 60 percent controlling share in Hella, according to a report in German-language Manager Magazin this morning.

READ: Hella-Eignerfamilie sondiert Verkauf der Aktienmehrheit

Hella’s UK headquarters

Citing several sources, the report said that the family had been in contact with the Rothchild investment bank with a view to contacting potential buyers for their stake in the business, which that report valued at about €3bn.

Rothchild bank declined to comment.

The company was floated in 2014, although the Huecks held onto their stake in the business. As with most automotive suppliers, the stock price took a hit during the worst of the pandemic, but share prices have since rebounded to 2019 levels.

Earlier this morning, Hella released news of a 48v mild-hybrid system it has developed for OEs, as the firm diversifies its range for the new era of motoring.

 

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

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