German billionaire Thiele sells €1bn stake in Knorr-Bremse

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German billionaire Thiele sells €1bn stake in Knorr-Bremse

Sam Kerr
September 11, 2020 11:45 am
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A logo sign outside of a facility occupied by the Knorr Brake Company, a subsidiary of Knorr-Bremse, in Westminster, Maryland on March 26, 2020. (Photo by Kristoffer Tripplaar/Sipa USA) | Kris Tripplaar/SIPA USA/PA Images

Heinz-Hermann Thiele, the German billionaire, has raised €1bn through a share sale in break manufacturer Knorr-Bremse, the second time he has sold shares in the company since it floated in 2018, raising questions about why he would return to sell so soon.

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GermanyEquityABBs-Block TradesEuropeEMEA
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Sam Kerr
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