Lisi SA (FR:FII) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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.