Leoni jumps on restructuring plan approval

Leoni AG

01/06/2023 08:42

** Leoni  LEOGn.DE  shares jump 9% as the German car parts
maker received the approval of required majorities for its
restructuring plan at a court discussion and voting meeting
    ** The company said the restructuring court in Nuremberg had
announced the still required planning approval for 21 June 2023
    ** In April, the company shares soared 90% after the
financial restructuring agreement was signed
    ** However, Leoni's stock has tumbled by almost 95%
year-to-date

 (Reporting by Tristan Veyet)
 ((Tristan.chabba@thomsonreuters.com))