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Market Impact: 0.38
OPmobility agrees to buy Hyundai Mobis' lighting unit for $443 million
Source: reuters.com
M&A & RestructuringAutomotive & EVTransportation & Logistics
French car-parts supplier OPmobility agreed to acquire Hyundai Mobis' lighting business for an enterprise value of KRW600 billion ($443 million). The deal expands OPmobility's automotive lighting operations and is likely to be a meaningful strategic transaction for the companies, with limited broader market impact.
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