Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Latest
Trending
Latest stories
Europe
Categories
Programmes
Featured
World
Categories
Programmes
Featured
EU Policy
Business
Categories
Programmes
Featured
Travel
Categories
Programmes
Next
Categories
Programmes
Featured
Culture
Categories
Programmes
Earth
Categories
Programmes
Featured
Health
Categories
Programmes
Euroviews
Videos
More
Special coverage
Partner content
Services
Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Find Us
Flipboard Instagram Linkedin
Advertisement

Elliott's Singer raises stake in Germany's Hella to more than 10%

Elliott's Singer raises stake in Germany's Hella to more than 10%
Elliott's Singer raises stake in Germany's Hella to more than 10% -  Copyright  Thomson Reuters 2021
Copyright Thomson Reuters 2021
By Reuters
Published on
Share Comments
Share Close Button

FRANKFURT - Paul Singer, who leads activist fund Elliott, has increased his stake in German automotive lighting group Hella, which is being taken over by French car parts maker Faurecia, to more than 10%, according to filings.

ADVERTISEMENT
ADVERTISEMENT

Singer's stake, consisting of voting rights attached to shares and instruments, now stands at 10.75%, the filings show.

Faurecia earlier this weeks said it is not planning at this stage to make a new offer for minority shareholders in Hella after Singer's involvement was first made public.

Faurecia, which won a takeover battle for Hella earlier this year, will own 79.5% Hella's shares after its takeover offer for outstanding shares ended on Nov. 11 - below the 90% threshold it would need to delist the company.

Go to accessibility shortcuts
Share Comments

Read more