Hella sells stake in HBPO to Plastic Omnium for $295 million
FRANKFURT, July 28 (Reuters) - Automotive supplier Hella (HLE.DE) on Thursday said it has decided to sell its third in joint venture HBPO to French co-shareholder Plastic Omnium (PLOF.PA).
The deal, which will see Hella sell the 33.33% stake for 290 million euros ($295 million), is expected to close in the fourth quarter, the company said.
($1 = 0.9842 euros)
Reporting by Christoph Steitz
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