Forvia: progress in its disposal program
Hug Engineering is a major player in pollution control systems for high-performance engines, and is currently part of Forvia's Clean Mobility business.
Cumulative cash proceeds from the closing of Forvia Hella's sale of its stake in BHTC together with those from the newly signed transaction, expected to close by the end of June 2024, are expected to total approximately 250 million euros.
Today's announcement will help reduce the Group's financial expenses and accelerate deleveraging.
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