Hogan Lovells advises Continental on sale of 50 percent stake in SAS

Led by Dusseldorf partner Jens Uhlendorf, Hogan Lovells advises Continental Automotive GmbH (belonging to Continental Group) on the planned sale of its 50 percent stake in the cockpit systems specialist SAS Automotive to the French automotive supplier Faurecia. SAS Automotive is a joint venture of Continental and Faurecia. Both parties signed a letter of intent to this effect.


Hogan Lovells advised Continental on the drafting and negotiation of the transaction documentation, the termination of the existing joint venture agreement and merger control aspects of the transaction.

The joint venture SAS Automotive was founded in 1996 and has developed into an important provider in the complex assembly and logistics of interior modules. In 2019, SAS Automotive expects sales of around 700 million euros. The company employs 4,490 people at 19 locations in Europe, North America and South America.

Hogan Lovells Team for Continental 

Dusseldorf

Jens Uhlendorf (Partner), Jan-Felix Wickermann (Associate, both Corporate/M&A); 

Dr. Heiko Gemmel (Partner), Nico Neukam (Counsel, both Tax and Accounting);

Dr. Martin Sura (Partner), Milosz Chodziakiewicz (Associate, both Antitrust).

Continental in-house legal

Michelle de Souza, LL.M. Eur. (Head of Law Mergers & Acquisitions), Matthias Wenk (Senior Counsel)


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