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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.
Newsroom
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 […]
On November 25, 2024, Pierer Industrie AG initiated European restructuring proceedings in accordance with the Restructuring Ordinance (ReO). The only affected creditors are those under a bond admitted to official trading on the Vienna Stock Exchange with a total nominal value of EUR 100 million (term: 2020-2028; ISIN AT0000A2JSQ5), a privately placed bond with a […]
Corporate News Wels, January 2, 2025 Gottfried Neumeister and Stephan Zöchling join the Executive Board of Pierer Industrie AG Stephan Zöchling is to join the Supervisory Board of PIERER Mobility AG Friedrich Roithner changes to Pierer Konzerngesellschaft mbH Gottfried Neumeister and Stephan Zöchling have been appointed to the Executive Board of Pierer Industrie AG […]