PROJECT TO TRANSFORM FAURECIA (SA) INTO A EUROPEAN COMPANY (SE)

Feb 16, 2018,  by Faurecia

At its meeting on February 15, 2018, the Faurecia Board of Directors decided to submit a proposal to shareholders to convert Faurecia as a "European Company" (Societas Europaea, SE)

Around half of Faurecia's sales currently come from Europe, where the Group has around 45,000 employees – including 10 000 in France - in 110 production sites and 13 R&D centers.

This proposed transformation, which has already been made by many other major companies, will better reflect Faurecia’s European scope. It will strengthen its international image and attractiveness among all stakeholders.

Faurecia will remain governed by French laws and regulations and will stay listed on the Paris Stock Exchange. The proposed change will have no impact on the headquarters. In fact, a new global headquarters building is under construction in Nanterre, France, and will be ready in the second half of 2018. The new status would involve no significant changes for Faurecia employees or shareholders.

The proposal will be submitted to the approval of shareholders at the Annual Shareholders Meeting on May 29, 2018.

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