Pierer Industrie AG made a voluntary public purchase offer to acquire an additional 9.6% stake in LEONI AG (XTRA:LEO) for €39.2 million on June 22, 2021. Pursuant to the terms of the transaction, Pierer Industrie AG will acquire 3.1 million shares in LEONI AG at €12.5 per share. As a result of the transaction, stake of Pierer Industrie AG in LEONI AG shall increase from 15.3% to 24.9%. The offer document will be published after the Federal Financial Supervisory Authority (BaFin) has authorized the publication. Simon Patrick Link, Markus Röhrig and Lukas Ritzenhoff of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB is acting as a legal advisor to LEONI AG for the transaction. Christian Cascante (Frankfurt), Jochen Tyrolt, Oliver Wolf of Gleiss Lutz advised Pierer Industrie AG.