September 17, 2018 / 5:39 AM / 2 months ago

Knorr-Bremse to list on Frankfurt stock exchange in Q4

BERLIN, Sept 17 (Reuters) - German brake systems maker Knorr-Bremse plans to list on the Frankfurt stock exchange in the fourth quarter of this year, the company said, in what is expected to be Germany’s second-largest listing this year after Siemens Healthineers.

The family owners are seeking to sell what Knorr said would be a meaningful minority stake in the supplier of brakes for trucks and trains, it said in a statement on Monday.

No new shares will be offered to investors, the company added. (Reporting by Maria Sheahan, Editing by Riham Alkousaa)

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