Plastic Omnium : A new acquisition on the cards?
>Press reported Plastic Omnium was eyeing a new acquisition - Following a first report from the Indian Economic Times earlier last week suggesting Varroc was close to a deal to sell its lighting business to a European supplier, Bloomberg on Friday indicated that Plastic Omnium was nearing a deal and was currently conducting the due-diligence process. According to the report, an agreement could be reached in the coming weeks and deal EV could near $ 650-700m.§...Compagnie Plastic Omnium is a manufacturing and services company which partners with car manufacturers and local communities, through its two core businesses which are Automotive Equipment and Environment. Co.'s activities can be divided into two divisions: the Automotive division and the Environment division. The Automotive division designs, manufactures and sells vehicle body parts (exterior parts and modules) and plastic fuel systems. The Environment division provides products and services for local authorities, including waste pre-collection and management equipment and services, and road and highway signage.
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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