Perrier expands its stake in the auto supplier to Leoni

Stefan Pierer Pierer Industrie AG expanded its position in Leoni and increased its share in the German auto supplier to 15 percent.

Pierer Industrie AG increased its stake in the ailing German automobile supplier Leonie. “The increase in the stake from 10 to more than 15 percent and the strengthening of the position as a major shareholder aims to express that Pierer Industrie supports the course that Leoni AG has taken to develop the company and focus on the wiring system business,” according to the company statement.

Share price Leoni (ISIN DE0005408884) Later attracted. Leone’s share increased by nearly 13 percent, placing it the top in the SDax Small Business Index. Shares have risen nearly two-thirds this year after the price jump, despite the 15 euro setback that shares cost in February.

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