# RENK Group Managing Body Member Dr. Alexander Sagel Acquires 238,802 Shares on XETRA

> RENK Group managing body member Dr. Alexander Sagel acquired 238,802.94 shares on XETRA at an average price of 35.169 EUR.

- Published: 2026-11-05T09:50:14+00:00
- Section: Business
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-05/renk-group-sagel-share-acquisition
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/05/3396115/0/en/renk-group-ag-dr-alexander-sagel-acquisition.html)

## Key takeaways

- Dr. Alexander Sagel, a member of RENK Group AG's managing body, acquired 238,802.94 shares on XETRA on November 5, 2026.
- The shares traded at an average price of 35.169 EUR, with individual prices ranging from 35.120 to 35.235 EUR.
- RENK Group signed a binding agreement on October 21, 2026 to sell its Slide Bearings business to Miba AG, with a price in the low-to-mid three-digit million range.

Dr. Alexander Sagel, a member of RENK Group AG's managing body, acquired 238,802.94 shares on XETRA on November 5, 2026, at an average price of 35.169 EUR, with prices ranging from 35.120 to 35.235 EUR. [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/05/3396115/0/en/renk-group-ag-dr-alexander-sagel-acquisition.html) published the disclosure.

RENK Group is a German manufacturer of military and industrial transmissions and propulsion systems, based in Augsburg, and listed on XETRA under the ISIN DE000RENK730.

## Sagel's XETRA Purchase in Detail

The notification identifies Sagel as a member of the managing body and records the transaction as an acquisition of shares. The filing lists 24 individual price and volume lines, from 2,237.87 EUR at 35.170 EUR to 28,413.32 EUR at 35.165 EUR.

The aggregated volume of 238,802.94 EUR corresponds to the average price of 35.169 EUR. The transaction took place on XETRA, the exchange identified in the filing by the MIC code XETR.

The disclosure was made under the rules for transactions by persons discharging managerial responsibilities and persons closely associated with them. RENK Group's LEI is 894500H8CNSZ53EI6K63.

## RENK's Slide Bearings Sale and Transmission Work

On October 21, 2026, RENK Group signed a binding agreement to sell its Slide Bearings business to Miba AG, with a price in the low-to-mid three-digit million range, GlobeNewswire reported. The deal will be reported as discontinued operations in the fourth quarter of 2026.

On October 30, 2026, RENK outlined development of its HSWL 406 transmission for next-generation heavy tracked military vehicles, according to The future of trading.

BlackRock, Inc. Notified German authorities that it crossed the 3% threshold in RENK Group on October 21, 2026, holding 4.05% of voting rights, comprising 2.82% in shares and 1.24% through instruments, GlobeNewswire reported. UBS Group AG crossed the 3% threshold on October 20, 2026, with a total position of 5.06% of voting rights, comprising 779,884 shares and various instruments, according to Business & Financial.

## RENK's Quarterly Results Due

RENK Group will report quarterly results on Thursday, FinanzNachrichten.de reported. The company completed its acquisition of David Brown Defence and is presenting at Euronaval in Paris, the same outlet reported.

## Companies in this story

- RENK Group · website: https://www.renk.com

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