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LUXSHARE to acquire 50.1% share of Leoni

Leoni AG (Leoni) announced a legally binding agreement between China’s LUXSHARE and Austrian entrepreneur Stefan Pierer, signed on September 17, 2024.
LUXSHARE will acquire a 50.1% stake in Leoni, previously owned by Pierer. In a parallel transaction, LUXSHARE’s subsidiary TIME Interconnect Singapore will acquire 100....

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