- (PLX AI) – Leoni sells the Automotive Cable Solutions business at enterprise value of EUR 560 million.
- • Buyer is Stark Corporation Public Company Limited, a wire and cable supplier headquartered in Bangkok
- • The sold activities generated sales of approximately € 1.3 billion in fiscal year 2021
- • The completion of the sale is still subject to various closing conditions, including required merger control and investment control clearances, which are expected to be granted within six months