Lisi SA ( (FR:FII) ) has issued an announcement.
LISI AUTOMOTIVE has completed the sale of its French subsidiary, LISI AUTOMOTIVE NOMEL SAS, to ZB Invest GmbH. This strategic move allows LISI AUTOMOTIVE to concentrate on its core business of high value-added fastening solutions, while ZB Invest GmbH strengthens its market position in the production and sale of nuts for automotive and industrial applications. The transaction, which was anticipated in the 2024 fiscal year, is expected to impact the company’s operational focus and market strategy.
More about Lisi SA
LISI AUTOMOTIVE, a subsidiary of the LISI Group, operates in the automotive industry, focusing on high value-added fastening solutions and mechanical components. The company is involved in the production and sale of automotive parts, serving various industrial and distribution markets.
YTD Price Performance: 22.87%
Average Trading Volume: 1,690
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.25B
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