Adient (ADNT) Tops Q4 EPS by 37c

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Go back to Adient (ADNT) Tops Q4 EPS by 37c

Leoni plans to kick off sale of wire & cable unit in early 2020: sources

November 6, 2019 8:24 AM EST

FRANKFURT (Reuters) - Germany's Leoni plans to kick off the sale of its wire and cables division early in 2020, not this year, as it continues with restructuring efforts in the face of a weakening sector outlook, people close to the matter said.

While market participants had expected its advisors Deutsche Bank and UBS to launch the auction for the unit this month, Leoni is instead preparing to send out information packages with full-year figures in early 2020, the three sources said.

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