Latest news with #Forvia
Bloomberg
6 days ago
- Automotive
- Bloomberg
Stellantis to Halt Investments in Hydrogen Joint Venture
Stellantis NV will withdraw its support for a joint hydrogen-vehicle venture with Michelin and Forvia SE as the automaker cuts its exposure to the fledgling technology, putting the project's future at risk. The maker of Fiat cars plans to stop investing in the Symbio business that specializes in hydrogen fuel cells by 2026, Forvia and Michelin said in separate statements in response to Bloomberg queries. Stellantis declined to comment.
Bloomberg
6 days ago
- Automotive
- Bloomberg
Stellantis Backs Out of Hydrogen Venture With Michelin, Forvia
Stellantis NV will withdraw its support for a joint hydrogen-vehicle venture with Michelin and Forvia SE as the automaker cuts its exposure to the fledgling technology, putting the project's future at risk. The maker of Fiat cars plans to stop investing in the Symbio business that specializes in hydrogen fuel cells by 2026, Forvia and Michelin said in separate statements in response to Bloomberg queries. Stellantis didn't immediately respond to a request for comment.
Business Insider
08-07-2025
- Business
- Business Insider
Barclays Reaffirms Their Buy Rating on Forvia (0MGR)
Barclays analyst maintained a Buy rating on Forvia today and set a price target of €13.00. The company's shares closed yesterday at €9.21. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forvia with a €8.94 average price target, a -2.93% downside from current levels. In a report released on July 1, Jefferies also initiated coverage with a Buy rating on the stock with a €10.70 price target. The company has a one-year high of €11.49 and a one-year low of €5.20. Currently, Forvia has an average volume of 186.5K.
Business Insider
29-06-2025
- Business
- Business Insider
Deutsche Bank Sticks to Its Buy Rating for Forvia (0MGR)
In a report released yesterday, Christoph Laskawi from Deutsche Bank maintained a Buy rating on Forvia (0MGR – Research Report), with a price target of €10.00. The company's shares closed yesterday at €8.85. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Laskawi is a 5-star analyst with an average return of 27.2% and a 68.48% success rate. Laskawi covers the Industrials sector, focusing on stocks such as Renault, Rheinmetall, and Forvia. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forvia with a €8.43 average price target.
Yahoo
11-06-2025
- Business
- Yahoo
FORVIA FURTHER IMPROVES ITS DEBT PROFILE BY USING PROCEEDS FROM AN ADDITIONAL ISSUANCE OF SENIOR NOTES DUE 2030 AND AVAILABLE CASH TO REPURCHASE EXISTING 2027 SUSTAINABILITY-LINKED NOTES
Not for distribution, directly or indirectly, in the United States, Canada, Australia or Japan. NANTERRE (FRANCE)JUNE 11, 2025 FORVIA FURTHER IMPROVES ITS DEBT PROFILE BY USING PROCEEDS FROM AN ADDITIONAL ISSUANCE OF SENIOR NOTES DUE 2030 AND AVAILABLE CASH TO REPURCHASE EXISTING 2027 SUSTAINABILITY-LINKED NOTES FORVIA issued an additional €250 million of additional Senior Notes due 2030 Proceeds from the issuance and available cash used to fund the repurchase of €300 million of FORVIA's outstanding 2.750% Sustainability-Linked Notes due February 2027 (the '2027 Sustainability-Linked Notes') in a cash tender offer (the 'Tender Offer') FORVIA has successfully closed its offering of €250 million in aggregate principal amount of additional senior notes due 2030 (the 'New Notes'), which will be consolidated and form a single series with the existing €750 million senior notes due 2030 issued on 24 March 2025 after the expiry of a 40-day distribution compliance period. The associated Tender Offer for the repurchase of FORVIA's existing 2027 Sustainability-Linked Notes also settled today. With the success of the Tender Offer, and using available cash, FORVIA decided to increase the maximum amount of the 2027 Sustainability-Linked Notes accepted for tender in the Tender Offer to, and has accepted the tenders of, €300 million in aggregate principal amount of the 2027 Sustainability-Linked Notes, which have now been cancelled. This Tender Offer reduces the outstanding amount of the 2027 Sustainability-Linked Notes, which now stands at €900 million against the initial €1.2 billion NOTICE This document is not an offer of securities for sale in the United States. The notes being offered by Forvia (the 'New Notes") may not be sold in the United States unless they are registered under the Securities Act or are exempt from registration. The offering of New Notes described in this announcement has not been and will not be registered under the Securities Act, and accordingly any offer or sale of New Notes may be made only in a transaction exempt from the registration requirements of the Securities Act. Nothing herein shall be construed as an offer to purchase or a solicitation of an offer to sell or buy any notes, including the 2027 Sustainability-Linked Notes. Nothing herein constitutes a notice of redemption for the 2027 Sustainability-Linked Notes. It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale in Canada, Japan or Australia. Promotion of the New Notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the 'FSMA'), and accordingly, the New Notes are not being promoted to the general public in the United Kingdom. This announcement is directed solely at (i) persons located outside the United Kingdom, (ii) persons with professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'), (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities of the Issuer or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons in (i) – (iv) above being 'relevant persons'). Any investment activity to which this announcement relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not act or rely on this announcement. The offer and sale of the New Notes will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of securities. This announcement does not constitute a prospectus within the meaning of the Regulation EU 2017/1129, as amended (the "Prospectus Regulation") or an offer to the public. The offer and sale of the New Notes will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to produce a prospectus for offers of securitieThis announcement does not constitute a prospectus within the meaning of the Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the 'UK Prospectus Regulation') or an offer to the public. MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the New Notes are not available to retail investors in EEA. MiFIR professionals/ECPs-only/No UK PRIIPs KID – Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (KID) has been prepared as the New Notes are not available to retail investors in the UK. Neither the content of Forvia's website nor any website accessible by hyperlinks on Forvia'swebsite is incorporated in, or forms part of, this announcement. The distribution of thisannouncement into any jurisdiction may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, no money, securities or other consideration will be accepted. Attachment 20250611 RESULT OF TENDER OFFER ON 2027 SLB PR
