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Anthony Dick ...
  • Michael Foundoukidis

Valeo : Une prise de contrôle de la JV, pour le meilleur et pour le pire ?

>Une annonce qui était attendue mais qui arrive plus tôt que prévu - Valeo a annoncé, hier, soir, l’acquisition de la participation de 50% dans sa JV avec Siemens centrée sur l’électrification haut voltage pour un montant de 277 M€ (impact sur la dette de 741 M€, hausse du levier de 0.3x est. à 1.3x à fin 2022). Si cette transaction était largement attendue, elle arrive plus tôt que nous anticipions (fin 2022/début 2023), traduisant, sans doute, à la fois la volonté d...
Underlying
Valeo SE

Valeo is an automotive supplier, partner to automakers worldwide. As an industrial and technology company, Co. focuses on designing, manufacturing and selling components, integrated systems and modules for automobiles and heavy goods vehicles, both on the original equipment and the aftermarket segments. In addition, Co. offers innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving to its customers. Co. operates through four business groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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