vitesco
Shares have fallen a good 21 percent in the past four weeks.
The Schaeffler family increases its stake in the Regensburg-based automotive supplier Vitesco. The family holding IHO bought around 1.6 million Vitesco shares, the company announced on Monday. It increases its stake to 39.99 percent from 35.98 percent. Together with the shares in IHO Beteiligungs GmbH, the family holds 49.99 percent of Vitesco.
It was agreed not to disclose any details. From company circles it was said that the holding company used the favorable market situation to increase its stake.
Vitesco shares have fallen by a good 21 percent over the past four weeks. The SDax lost about 14 percent in the same period.
More: Schaeffler wants to catch up with electromobility – combustion engines planned
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