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.