Forvia SE (ENXTPA:FRVIA) has confirmed it has started divestment process for parts of its portfolio, including its interiors business group. The confirmation comes after media reports suggested the interiors unit could be sold. In a brief statement, the company said that, as a publicly listed group, it cannot respond to ?market rumours?
or share any information on potential confidential offers, including details on valuations or pricing of assets. The group restated that it is carrying out a ?comprehensive strategic review of its portfolio,? but did not specify which assets are involved in the current processes or what timeline it is working to.
On Friday (28 November), Reuters reported that Forvia is seeking to sell part of its car interiors business as it continues to narrow its portfolio and lower its debt.
