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Faurecia exploring asset sales after Hella deal completion, report says

Deliberations are ongoing and no final decisions on whether to proceed with the disposals have been taken, according to the people. A representative for Faurecia did not immediately respond to requests for comment.

Faurecia agreed to buy Lippstadt-based Hella for 6.8 billion euros ($7.25 billion) last year to gain expertise in power and battery electronics, as well as radar sensors for autonomous-driving systems. The resulting company has been renamed Forvia.

Suppliers continue to reshape their business as the industry’s shift to electric cars with advanced-assistance systems intensifies with a range of countries planning to ban sales of combustion-engine cars.

A strategic review of Hella’s special applications business, which supplies lighting and electronic components to customers ranging from makers of construction machinery to boat builders, was announced in April.

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