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
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.
|Moosacher Str. 80|
|Phone:||+49 89 3547 0|
|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|