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    LEO   DE0005408884

LEONI AG

(LEO)
  Report
Real-time Estimate Tradegate  -  02:23 2022-06-27 am EDT
7.475 EUR   +1.22%
06/09LEONI AG : JP Morgan reiterates its Neutral rating
MD
05/25LEONI : New members of LEONI AG's Supervisory Board
PU
05/23LEONI : sells Business Group Automotive Cable Solutions – next major step on the path to sustainable financial stabilisation
PU
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Stark Corporation Public Company Limited signed an agreement to acquire Business Group Automotive Cable Solutions of LEONI AG.

05/23/2022 EDT

Stark Corporation Public Company Limited (SET:STARK) signed an agreement to acquire Business Group Automotive Cable Solutions of LEONI AG (XTRA:LEO) on May 23, 2022. The transaction has an enterprise value of €560 million. The Business Group Automotive Cable Solutions generated sales of €1.3 billion in 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. The closing of the transaction is also subject to the approval of LEONI Group‘s financing partners. The Board of Directors and the Supervisory Board of Leoni AG as well as the Board of Stark Corporation have already approved the transaction. The Company anticipates to complete the Proposed Transaction by November 30, 2022. Credit Suisse Securities (Thailand) Limited acted as the exclusive Financial Advisor to Stark Corporation Public Company Limited (SET:STARK)


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All news about LEONI AG
06/09LEONI AG : JP Morgan reiterates its Neutral rating
MD
05/25LEONI : New members of LEONI AG's Supervisory Board
PU
05/23LEONI : sells Business Group Automotive Cable Solutions – next major step on the pat..
PU
05/23Leoni AG signs agreement with Stark Corporation Public Company Limited on sale of the B..
EQ
05/23Stark Corporation Public Company Limited signed an agreement to acquire Business Group ..
CI
05/22LEONI AG : Refinancing concept currently being constructively discussed with key financing..
EQ
05/16LEONI AG : JP Morgan reaffirms its Neutral rating
MD
05/11Leoni Ag Provides Earnings Outlook for the Financial Year 2022
CI
05/11TRANSCRIPT : LEONI AG, Q1 2022 Earnings Call, May 11, 2022
CI
05/11LEONI AG Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
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Analyst Recommendations on LEONI AG
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Financials
Sales 2022 4 863 M 5 129 M 5 129 M
Net income 2022 14,9 M 15,7 M 15,7 M
Net Debt 2022 1 533 M 1 617 M 1 617 M
P/E ratio 2022 16,3x
Yield 2022 -
Capitalization 241 M 254 M 254 M
EV / Sales 2022 0,36x
EV / Sales 2023 0,36x
Nbr of Employees 99 607
Free-Float 73,5%
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Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 7,39 €
Average target price 8,63 €
Spread / Average Target 16,8%
EPS Revisions
Managers and Directors
Aldo Kamper President & Chief Executive Officer
Harald Nippel Chief Financial Officer
Klaus Rinnerberger Chairman-Supervisory Board
Franz Spie▀ Deputy Chairman-Supervisory Board
Karl-Heinz Lach Member-Supervisory Board
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