Compagnie Plastic Omnium SE (ENXTPA:POM) entered into a share purchase and assignment agreement to acquire 33.33% stake in HBPO GmbH from HELLA GmbH & Co. KGaA (XTRA:HLE) for €290 million on July 28, 2022. The transaction is subject to customary regulatory approvals. As of October 19, 2022 European Commission announces that it has approved the acquisition. The deal is expected to close in the fourth quarter of 2022. Morgan Stanley acted financial advisor to the Compagnie Plastic Omnium SE in the transaction. Dr. Jean Mohamed, Paul Oscar Lehmann, Dr. Susanne A. Zimmermann and Thomas Richter of Freshfields Bruckhaus Deringer (Hamburg) acted as legal advisor to HELLA GmbH & Co. KGaA. Dirk Jannott and Artur Baron of CMS Hasche Sigle acted as legal advisor to Compagnie Plastic Omnium SE. Anne Wachsmann, Nicolas Zacharie, Fay Zhou and Christoph Barth of Linklaters LLP acted as legal advisor to Compagnie Plastic Omnium.

Compagnie Plastic Omnium SE (ENXTPA:POM) completed the acquisition of 33.33% stake in HBPO GmbH from HELLA GmbH & Co. KGaA (XTRA:HLE) on December 12, 2022.