Equipment
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Plastic Omnium issued a €300 million 7-year Schuldscheindarlehen
Compagnie Plastic Omnium today completed a Schuldscheindarlehen (private placement under German law) for 300 million euros.
This is a 7-year private placement with a fixed coupon of 1.632%, without covenants or ratings.
Laurent Burelle succeeds to Jean Burelle as Chairman and Chief Executive Officer of Burelle SA
In its meeting today, the Board of Directors of Burelle SA, the holding company leading and controlling the Burelle Group, accepted Jean Burelle's resignation from his position as Chairman and Chief Executive Officer under the provisions contained in the bylaws relating to the age limit. The Board unanimously decided to appoint Laurent Burelle as Chairman and Chief Executive Officer of Burelle SA, effective January 1st, 2019. Laurent Burelle retains his positions as Chairman and Chief Executive Officer of Compagnie Plastic Omnium, Burelle SA's main subsidiary.
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Sale of the Environment business to the consortium Latour Capital/Bpifrance
Compagnie Plastic Omnium confirms the sale of its subsidiary Plastic Omnium Environment BV to the consortium made up of Latour Capital and Bpifrance (Banque Publique d’Investissement). The deal is made for an enterprise value of €220 million.
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Continuing a profitable growth strategy: Free cash-flow, cost reduction and industrial excellence to accelerate innovation and enhance technological content
To mark its Investor Day, held today at its global R&D center for clean energy systems, α-Alphatech in Compiègne, Plastic Omnium is unveiling its strategy for profitable and independent growth to take account of the volatility of automotive markets in a context of technological change acceleration.
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Plastic Omnium and Brose partner on innovative side-door systems
Plastic Omnium and Brose announce the launch of an innovative co-development project on automotive side-doors. Brose, leading family-owned automotive supplier headquartered in Coburg, Germany, is specialized in mechatronic systems for vehicle doors and seats.
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