FORVIA Statement on Divestiture Processes
Globenewswire·2025-11-28 07:30

Core Points - FORVIA is undergoing a strategic review of its portfolio, leading to divestiture processes for parts of its Interiors business group [1] - The company emphasizes adherence to strict disclosure rules and governance standards, refraining from commenting on market rumors or specific confidential offers [2] - The current priority for FORVIA is to execute its roadmap with discipline while driving performance and empowering teams during its strategic transformation [2] Group 1 - FORVIA is engaged in selling parts of its robust portfolio as part of a comprehensive strategic review [1] - The divestiture processes are focused on assets within the Interiors business group [1] - The company is committed to maintaining transparency with employees, partners, and stakeholders regarding these processes [1] Group 2 - FORVIA does not disclose details on market rumors or specific offers, including valuation or pricing [2] - Any potential offers will require negotiation and approval from the Board of Directors [2] - The company aims to advance its strategic transformation while ensuring responsible execution of its plans [2]