The Hueck family are considering selling their 60 percent controlling share in Hella, according to a report in German-language Manager Magazin this morning.
READ: Hella-Eignerfamilie sondiert Verkauf der Aktienmehrheit
[caption id="attachment_18552" align="alignright" width="250"] Hella's UK headquarters[/caption]
Citing several sources, the report said that the family had been in contact with the Rothchild investment bank with a view to contacting potential buyers for their stake in the business, which that report valued at about €3bn.
Rothchild bank declined to comment.
The company was floated in 2014, although the Huecks held onto their stake in the business. As with most automotive suppliers, the stock price took a hit during the worst of the pandemic, but share prices have since rebounded to 2019 levels.
Earlier this morning, Hella released news of a 48v mild-hybrid system it has developed for OEs, as the firm diversifies its range for the new era of motoring.
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