Stefan Pierer: Sale of Leoni majority stake (50.1%) to Luxshare completed

Stefan Pierer has successfully completed the sale of a 50.1% majority stake in Leoni AG to Luxshare-ICT, marking a significant step in strengthening the Pierer Industrie Group. The deal, finalized on July 10, 2025, follows the necessary regulatory approvals and aims to enhance Leoni's long-term competitiveness. Luxshare's acquisition includes the Automotive Cable Solutions business unit, ensuring financial stability and future growth for Leoni. Pierer retains a 49.9% stake in Leoni, emphasizing the strategic partnership's potential for expanding competitive positioning.