MAHLE and HELLA sell BHTC shares to AUO

Automotive suppliers MAHLE and HELLA are selling their respective 50 percent stake in the Behr-Hella Thermocontrol (BHTC) joint venture to AUO Corporation. The parties signed the relevant agreement today. The total purchase price is based on an enterprise value of € 600 million. The transaction is currently still subject to approval by the relevant foreign trade and antitrust authorities; closing is expected to take place by mid-2024. AUO, based in Taiwan, specializes in particular in display panel products and solutions.