Overview
- Forvia said Monday it agreed to sell its Interiors business to Apollo Funds for an enterprise value of €1.82 billion under its IGNITE plan.
- The company said all sale proceeds will go to repaying loans, and it expects to cut net debt by at least €1 billion once the deal closes.
- The carve‑out covers dashboards and door panels across 59 plants and 8 R&D centers in 19 countries with about 31,000 employees, with the Materi’act plastics arm excluded.
- Completion still requires employee consultations and regulatory clearances, and Forvia targets closing by year‑end as Apollo prepares to run the business as a stand‑alone company.
- French unions warned about risks to jobs and asked for safeguards on sites and investment if the deal goes through.