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BRIEF-Compagnie Plastic Omnium Signs Agreement With German Group Mahle To Acquire Its 33.33% Shareholding In The HBPO Joint Venture

March 1 (Reuters) - COMPAGNIE PLASTIC OMNIUM SA:

* SIGNED AN AGREEMENT WITH THE GERMAN GROUP MAHLE TO ACQUIRE ITS 33.33% SHAREHOLDING IN THE HBPO JOINT VENTURE

* TRANSACTION SHOULD BE FINALIZED DURING 2018

* ACQUISITION WAS MADE AT AN ENTERPRISE VALUE OF EUR 350 MILLION

* ACQUISITION TO BE FINANCED BY THE GROUP’S OWN RESOURCES

* TO RETAIN 66.66 PERCENT FOR HBPO, HELLA 33.33 PCT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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