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Pierer Industrie AG further expands position in Leoni AG
Feb 22, 2022
Pierer Industrie AG exceeds 20% voting rights threshold
Pierer Industrie AG has increased its share of voting rights in Leoni AG (ISIN DE0005408884) to over 20% as of February 21, 2022.
Pierer Industrie is already in contact with a case team of the European Commission (as the competent competition authority), which has already been established for this purpose, in order to clarify the question of whether the further acquisitions of LEONI shares recently carried out by Pierer constitute a notifiable merger according to the provisions of the Merger Regulation (ECMR).
About the Pierer Industrie-Group:
The Pierer Industrie-Group is an Austrian industrial group with a focus on the production of „Powered- Two Wheelers“ and the automotive high-tech supply sector. The Group currently employs around 10,000 people worldwide with a group turnover of approx. EUR 2.8 billion.
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The payment plan confirmed in the restructuring proceedings (ReO) for Pierer Industrie AG stipulates that the outstanding bonds and promissory note loans, with a total value of EUR 247.5 million, will be repaid by December 31, 2026 and December 31, 2027, respectively. As announced in the ad hoc release as of March 12, 2026, […]
Mar 12, 2026
Pierer Industrie AG: Early repayment of bonds and promissory note loans in the second half of 2026
Pierer Industrie AG: Early repayment of bonds and promissory note loans in the second half of 2026 - The payment plan confirmed in the restructuring proceedings (ReO) for Pierer Industrie AG stipulates […]
Stefan Pierer: Sale of Leoni majority stake (50.1%) to Luxshare completed – important step in strengthening the Pierer Industrie Group Luxshare-ICT acquires majority stake (50.1%) in Leoni All necessary approvals granted by the authorities Operational turnaround of Leoni AG successful Partnership ensures long-term competitiveness of Leoni AG Following the signing of the agreements in […]