Plastic Omnium : Closing of the acquisition of Varroc Lighting Systems
>More favourable terms than in last April, a nice surprise - Several months after announcing the acquisition of Varroc Lighting Systems (cf. Flash 28/04/2022), Plastic Omnium confirmed the closing of the deal. Varroc Lighting (sales of ~€ 800m est.) is therefore included in its scope as of today. The financial terms are more favourable that what the supplier had indicated at the time since the deal was in the end carried out at an EV estimated at € 520m vs € 600m prev...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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