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Deal snapshot: AUTOMOTIVE SUPPLIER FLEX-N-GATE OFFERS TO ACQUIRE 7 PLANTS IN EUROPE.

MANews-(C)2009-2016

Urbana, Illinois-based automotive original equipment supplier Flex-N-Gate Group has delivered a binding offer to France-based automotive parts supplier Plastic Omnium to acquire seven of its plants in Europe, the company said.

This sale is part of a divestiture required by the European Commission following Plastic Omnium's acquisition of Europe-based auto parts company Faurecia Auto Exterior. As a result of the binding offer for this stand-alone business, Plastic Omnium has agreed to enter into exclusive negotiations with Flex-N-Gate.

Country: France

Sector: Motor Vehicles

Target: oXya and yoyo yoyo o

Buyer: Flex-N-Gate Group

Vendor: Plastic Omnium

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Bidding

Buyer advisor: , ,

Comment: Part of a divestiture required by the European Commission following Plastic Omnium's acquisition of Europe-based auto parts company Faurecia Auto Exterior

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Publication:M & A Navigator
Date:Dec 29, 2016
Words:131
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