French automotive suppliers Faurecia and Plastic Omnium SA are competing within the remaining bidding for a majority stake in German rival Hella GmbH, individuals with data of the matter informed Bloomberg.

Hella’s founding Hueck household has requested for binding gives by Aug. 11 and will decide on a winner within the following days, based on the individuals, who requested to not be recognized as a result of the knowledge is personal. Any deal may worth Hella at round 8 billion euros ($9.4 billion), equal to greater than 70 euros a share, the individuals stated.

That might make it the second-largest takeover in Germany this yr and one of many greatest ever acquisitions of a German firm by a French suitor.

Hella makes a wide range of automotive lighting methods, sensors, battery methods and digital energy steering elements.

Faurecia and Plastic Omnium, which each have smaller market values than Hella, are each planning capital will increase to fund the potential acquisition if profitable, the individuals stated.

The Hueck household owns about 60 % of Lippstadt-based Hella, based on knowledge compiled by Bloomberg. There’s no certainty the suitors will submit remaining gives, and different bidders may nonetheless emerge, the individuals stated.

Representatives for Hella and Plastic Omnium declined to remark, whereas a spokesperson for Faurecia wasn’t instantly accessible for remark.

Hella ranks No. 41 on the Automotive Information listing of the highest 100 international suppliers with worldwide gross sales to automakers of $5.5 billion throughout its 2020 fiscal yr.