GERMANY: The stakes in Knorr-Bremse and Vossloh which were held by the late Heinz Hermann Thiele are to be transferred to a family trust under the terms of his will.
‘Thiele’s wish was to secure his life’s work for the future’, said his executor and long-time confidant Robin Brühmüller. ‘That is exactly what will be implemented through the establishment of the family trust.’
Thiele, who died on February 23 at the age of 79, held a 59% stake in Knorr-Bremse through holding companies. ‘The family foundation safeguards my father’s life’s work and lays the foundation for Knorr-Bremse’s future success through continuity and stability’, said his daughter Julia Thiele-Schürhoff, who is another major shareholder in the holding companies, on March 26.
The Thiele family will continue to hold a 50·09% stake in Vossloh through the trust and Thiele-Schürhoff’s holding. Thiele ‘greatly contributed to making Vossloh a leading rail infrastructure company that it is today’, said Supervisory Board Chairman Prof Dr Rüdiger Grube. ‘With his forward-looking estate planning, he has now also ensured the future stability that the company needs to continue on its successful path.’
