Parrot : Exit from Parrot Automotive now effective – Focus henceforth solely on drones
>Definitive disposal of Parrot Automotive - Parrot announced yesterday morning that it had sold its entire stake in its subsidiary Parrot Automotive to Faurecia. The signing of a memorandum of understanding concerning a possible exit was announced on 4 July. As expected, Parrot received the € 67.5m corresponding to the price in cash of the 49.9% interest that it owned. The convertible bonds (€ 41m giving access to 50.01% of the capital of Parrot Faurecia Automoti...Parrot is a global player in wireless mobile phone accessories, specialized in designing and marketing wireless devices for mobile phones. Co. activities cover both retail customers (installed hands free kits, Plug & Play hands free kits and Multimedia products), and auto industry professionals. Co. developed three retail product ranges: two for vehicles and one for the house. Vehicle products are hand-free kits installed, in most cases, by professionals after vehicle purchase; and Plug & Play products, which are hands-free systems usable upon purchase. House products include multimedia products, allowing users to share multimedia contents on mobile phones.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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