Login
SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Forvia to sell interiors business to Apollo Funds in EUR 1.82 billion deal

#International News
Last Updated : 30th Apr, 2026
share-icon Share
font-size icon Font size
ABC Small ABCMedium ABCLarge
Save
print Print
comment Comment
Synopsis

Forvia has agreed to sell its car interiors business to Apollo Funds in a deal valued at EUR 1.82 billion (USD 2.13 billion). The division contributed around 18% of the company’s revenue in 2025. The transaction is expected to close by the end of the year and will help reduce Forvia’s net debt by at least EUR 1 billion. Alongside the deal, the company has also announced a leadership change, with Michel de Rosen stepping down as board chair and Pierre André de Chalendar set to take over following the annual general meeting on June 4.

Story Image

Representative image

Forvia has entered into an agreement to divest its car interiors business to Apollo Funds for EUR 1.82 billion, equivalent to USD 2.13 billion, as part of its ongoing efforts to streamline operations and strengthen its balance sheet.


The interiors division, which contributed nearly 18% of Forvia’s total revenue in 2025, has been a significant part of the company’s portfolio. The sale aligns with the group’s broader strategy to focus on core and high-growth segments while exiting capital-intensive verticals.

The company expects the transaction to be completed by the end of the year, subject to regulatory approvals and customary closing conditions. Following the deal, Forvia indicated that the proceeds would support a reduction in its net debt by at least EUR 1 billion, improving its financial position. This move comes amid continued pressure on global automotive suppliers to manage costs and optimise capital allocation.

In a related development, Forvia confirmed a change in its board leadership. Michel de Rosen has stepped down as chair of the board of directors. The company stated that Pierre André de Chalendar will assume the role after the annual general meeting scheduled for June 4.

The divestment follows a series of strategic steps taken by Forvia in recent years to simplify its structure after the acquisition of Hella, which had increased its debt levels. The current transaction is seen as part of its plan to rebalance its portfolio and enhance long-term financial stability.

Source Reuters
Next (L&T Realty expands portfolio with new land acquisition in NCR)

Have something to say? Post your comment

Post Comment

Quick Links

Asset Class

Location

Other News
post_image

5th Jun, 2025

Mumbai emerges as top data centre hub in Asia-Pacific region
post_image

25th May, 2023

Reliance Industries acquires the Mandarin Oriental Hotel in New York
post_image

11th May, 2023

U.S. housing market sees significant decline in home listings amidst reluctant sellers and high mortgage rates
post_image

27th Apr, 2023

US single-family housing construction on the rise: positive signs for a struggling market