Press release from the Competition Council regarding the economic concentration project concerning the indirect exclusive takeover by the company “Apollo Capital Management, LP” of the companies “Faurecia Interiors Holding SAS”, “Faurecia Automotive Interior System (Shanghai) Co. Ltd.” and “Faurecia Interior Systems USA Holdings, LLC”, with their subsidiaries

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In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying party, which is solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and groups concerned:

  • The indirect acquirer: “Apollo Capital Management, LP”;
  • The target companies: “Faurecia Interiors Holding SAS”;

“Faurecia Automotive Interior System (Shanghai) Co. Ltd.”; and

“Faurecia Interior Systems USA Holdings, LLC”, with their subsidiaries;

Nature of the operation

  • Exclusive takeover.

Economic sectors concerned

  • Design, development, manufacture, and sale of automotive interior parts.

Deadline for interested third parties to submit their observations

  • 10 days from the date of publication of this press release, i.e., June 15, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project involving the acquisition by funds managed or advised by subsidiaries of the company “Apollo Capital Management, LP” of the exclusive control of the company “Faurecia Interiors Holding SAS” (incorporated in France), the company “Faurecia Automotive Interior System (Shanghai) Co. Ltd.” (incorporated in China), and the company “Faurecia Interior Systems USA Holdings, LLC” (incorporated in the United States), with their subsidiaries.

“Apollo Capital Management, LP” is a corporation established under the laws of the State of Delaware, registered under number 4293091, with its headquarters at 9 West 57th Street, New York 10019, United States. Apollo, through its fully integrated investment platform covering the entire risk-return spectrum, from asset management to private equity, provides investment management and financial planning services to individuals and institutional investors globally. Among its current investments are companies active in the fields of education, insurance, financial services, and leisure, among others.

“Faurecia Interiors Holding SAS” is a simplified joint-stock company established under French law, registered with the Nanterre Trade and Companies Register under number 980 931 273, with its headquarters at 23-27 Avenue des Champs Pierreux, 92000 Nanterre, active in the automotive interior components sector.

“Faurecia Automotive Interior System (Shanghai) Co., Ltd.” is a limited liability company established under Chinese legislation, registered under number 91310000MAENX1FU7W, with its headquarters at Zone A, 3rd Floor, No.1 Building, No. 1309 Ping’an Road, Minhang District, Shanghai, China. It is active in the automotive interior components sector.

“Faurecia Interior Systems USA Holdings, LLC” is a limited liability company established under Delaware law, registered under number 10177883, with its headquarters at 2800 High Meadow Circle, Auburn Hills, Michigan 48326. It is active in the automotive interior components sector.

The targets are manufacturers with a global presence in the design, development, manufacture, and sale of automotive interior parts, including dashboards, door panels, and center consoles.

 

Done in Rabat, on June 4, 2026.