Knorr-Bremse and Lufthansa major shareholder Thiele died

The majority owner of the brake manufacturer Knorr-Bremse, Heinz Hermann Thiele, is dead. The 79-year-old died unexpectedly in Munich on Tuesday, the company announced on Tuesday evening.

Share in Lufthansa

The self-made billionaire also held a double-digit stake in the largest German airline and AUA parent Lufthansa. Thiele bought his employer Knorr-Bremse in 1985 and, as CEO, expanded it into a billion-dollar company.

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