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FRANKFURT (Dow Jones) – Knorr-Bremse and Vossloh can also count on their majority shareholders in the future. According to the announcement, the family of the late Heinz Hermann Thiele remains majority owners of both companies.
“According to the will of Heinz Hermann Thiele, the majority stake in the company (59 percent) held by holding companies will in future be transferred to a family foundation,” said the Munich-based brake manufacturer. Thiele’s daughter Julia Thiele-Schrhoff remains another major shareholder in the holding companies. The Thiele family will continue to hold 50.09 percent of the shares in the Vossloh rail technology group.
“The decisions made will ensure stability and continuity at Knorr-Bremse in the future and will enable us to continue our dynamic and profitable growth in the strategic core areas,” said Knorr-Bremse CEO Jan Mrosik. Vossloh CEO Oliver Schuster said: “This important and forward-looking decision by Mr. Thiele strengthens our backs in the implementation of our group strategy in a special way.”
Heinz Hermann Thiele died unexpectedly in Munich at the end of February at the age of 79.
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(END) Dow Jones Newswires
March 25, 2021 3:42 PM ET (19:42 GMT)