HELLA GmbH & Co. KGaA: HELLA GmbH & Co. KGaA is evaluating strategic options for its wholesale activities and is conducting discussions with potential investors
May 14, 2018 at 12:45 pm EDT
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DGAP-Ad-hoc: HELLA GmbH & Co. KGaA / Key word(s): Market Report/Statement
HELLA GmbH & Co. KGaA: HELLA GmbH & Co. KGaA is evaluating strategic options for its wholesale activities and is conducting discussions with potential investors
14-May-2018 / 18:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Lippstadt, 14 May 2018 - HELLA GmbH & Co. KGaA is evaluating strategic options for its wholesale activities which are conducted under the roof of "Nordic Forum" and has initiated a corresponding structured auction process. In this context the company is currently conducting discussions with a selection of potential investors. Reports which suggest that HELLA has already taken a decision on the sale of the wholesale business and is close to entering into respective agreements, are incorrect. The HELLA management will take an unprejudiced decision in regard to the wholesale activities after the submission of final bids. Also, contrary to certain media reports, there is currently no preferred bidder.
14-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
HELLA GmbH & Co. KGaA
Rixbecker Str. 75
59552 Lippstadt
Germany
Phone:
+49 (0)2941 38-7125
Fax:
+49 (0)2941 38-6647
E-mail:
Investor.Relations@hella.com
Internet:
www.hella.de/ir
ISIN:
DE000A13SX22
WKN:
A13SX2
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxemburg
HELLA GmbH & Co KgaA, formerly Hella KGaA Hueck & Co, is a Germany-based manufacturer of lighting technology and electronic components and systems for the automotive industry. The Company operates through three segments: Automotive, Aftermarket and Special Applications. The Automotive segments comprises the lighting and electronics business and provides headlamps, signal lamps, interior lamps and lighting electronics, as well as body electronics, energy management and driver assistance systems and components. The Aftermarket segment comprises trade in automotive parts and accessories, calibration and diagnostic services for garages, and the wholesale business. The Special Applications segment comprises original equipment for special-purpose vehicles, such as busses, caravans, agricultural and construction machinery, municipal vehicles and trailers. It develops and manufactures lighting, electronic components, and systems and offers spare parts, chassis side lights, and accessories.
HELLA GmbH & Co. KGaA: HELLA GmbH & Co. KGaA is evaluating strategic options for its wholesale activities and is conducting discussions with potential investors
HELLA GMBH & CO. KGAA 
