Auto provider: Chinese Luxshare holds nearly 75 p.c of Leoni | EUROtoday

The Franconian cable and wiring system specialist Leoni is now nearly 75 p.c in Chinese palms. The Chinese Luxshare has elevated its share to 74.9 p.c, Leoni introduced. The conventional firm with nearly 500 years of historical past had already offered greater than 50 p.c to Luxshare in 2024. In addition, a Luxshare subsidiary had taken over one hundred pc of the Leoni subsidiary Automotive Cable Solutions.

25.1 p.c of the shares stay within the palms of the Austrian entrepreneur Stefan Pierer. He took over the corporate in 2023 after a haircut by which many shareholders misplaced their whole funding within the firm.

Leoni produces, amongst different issues, electrical programs and cable harnesses for the automotive trade. Only a number of giant corporations worldwide are energetic on this trade – Leoni is taken into account to be systemically necessary for the automotive trade.

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