Faurecia acquires Continental’s stake in interior JV
Acquisition will strengthen Faurecia’s presence in automotive interior systems
Faurecia has signed a Memorandum of Understanding (MOU) with Continental to acquire the German supplier’s 50% stake in their equally-owned joint venture (JV), SAS Automotive for EUR225 million (USD248 million), the company said in a press release on 14 October.
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