Lisi SA (FR:FII) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
LISI AUTOMOTIVE, part of the LISI Group, is negotiating the sale of its French subsidiary, LISI AUTOMOTIVE NOMEL SAS, to ZeroBaseInvest GmbH. This move aligns with LISI’s strategy to focus more on high value-added fastening solutions and is expected to finalize by February 2025. The subsidiary, specializing in manufacturing nuts and washers, is projected to achieve €35 million in turnover.
For further insights into FR:FII stock, check out TipRanks’ Stock Analysis page.
