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Germany: Leoni explores sale of its wire and cables business

By  |  July 10, 2019

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.

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    Leoni said it will explore a listing or partial sale of its wiring systems division (WSD) separating it from its wire and cable solutions (WCS) business, which supplies the healthcare, factory automation, transportation, and automotive markets.

    “We need the proceeds to invest into our wiring systems division. With this step we give ourselves new funding opportunities,” Kamper said on Wednesday, July 10.

    Full Content: Reuters

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