Austrian entrepreneur Stefan Pierer and China’s Luxshare have agreed that Luxshare will acquire a 50.1-per-cent stake in Leoni, which was previously fully owned by Pierer. “Having Luxshare as a strong strategic partner will significantly enhance Leoni’s competitiveness across all fronts—from portfolio expansion and market access to technological capabilities and production,” said Leoni CEO Klaus Rinnerberger.…
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