DGAP-Ad-hoc: Knorr-Bremse Aktiengesellschaft: Knorr-Bremse stops pursuing the acquisition of a shareholding in HELLA

Knorr-Bremse Aktiengesellschaft / Key word(s): Statement/Mergers & Acquisitions
Knorr-Bremse Aktiengesellschaft: Knorr-Bremse stops pursuing the acquisition of a shareholding in HELLA

07-Jul-2021 / 19:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of an inside information according to Article 17 MAR

Knorr-Bremse stops pursuing the acquisition of a shareholding in HELLA

Knorr-Bremse AG confirms that it no longer pursues the acquisition of 60% of the shares in HELLA GmbH & Co. KGaA held by the founding family.

Munich, July 7, 2021 - Today, the Executive Board of Knorr-Bremse AG decided to stop pursuing a potential acquisition of a majority stake in HELLA GmbH & Co. KGaA. Following careful analysis, the Executive Board determined that the possible transfer of key technologies and products to its own product portfolio would not result in the realization of the expected synergies.

Contact:
Knorr-Bremse AG
Investor Relations
Andreas Spitzauer
T +49 89 3547-182310
M +49 175 528 1320
investor.relations@knorr-bremse.com

07-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	Knorr-Bremse Aktiengesellschaft
	Moosacher Str. 80
	80809 Munich
	Germany
Phone:	+49 89 3547 0
E-mail:	info@knorr-bremse.com
Internet:	www.knorr-bremse.com
ISIN:	DE000KBX1006
WKN:	KBX100
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Third Market (MTF))
EQS News ID:	1216456


End of Announcement	DGAP News Service

back