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Leoni AG (LEOGn.DE)

LEOGn.DE on Xetra

13.44EUR
16 Jul 2019
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Wed, Jul 10 2019

Germany's Leoni explores sale or listing of its wire and cables business

MUNICH Germany's Leoni is exploring a sale or flotation of its wire and cables division as part of a broader review of the company's group structure, Chief Executive Aldo Kamper told Reuters.

UPDATE 1-Germany's Leoni explores sale or listing of its wire and cables business

* Leoni to explore partial sale or IPO of wire & cables division

Leoni to explore an IPO of its wire & cable solutions unit

MUNICH, July 10 Leoni is exploring a sale or flotation of its wire & cables division as part of a broader review of the company's group structure, Chief Executive Aldo Kamper told Reuters.

Germany's Leoni scraps 2019 profit target, unveils job cuts

FRANKFURT, March 17 German automotive cable and wiring system specialist Leoni has abandoned a 2019 profit target it issued just last month, unveiled job cuts as well as possible divestments and said its finance chief would quit.

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