ROAD NEWS
KTM SECURES FUTURE
KTM AG and longstanding partner, Bajaj, have made an agreement that sees KTM secure investors and continue its core business of building edgy bikes. It is still in its infancy but the deal sees KTM achieve a level of continuity that many have been looking for. Ownership of many large corporations is a bit murky and this is no exception. To give an insight and maybe clear the water a little, here is the official release:
PIERER Mobility AG: Pierer and Bajaj enter into call option agreement that enables a future change of control. Pierer Bajaj AG is the majority shareholder of
PIERER Mobility AG. Pierer Industrie AG holds a 50.1 % stake in Pierer Bajaj AG. The remaining 49.9 % is held by Bajaj Auto International Holdings B. V.(“ Bajaj BV”). Today, Pierer Industrie AG has concluded a call option agreement with Bajaj BV which enables Bajaj BV to acquire the shares of Pierer Industrie AG in Pierer Bajaj AG and thus indirect control over PIERER Mobility AG until the end of May 2026. Such a change of control requires regulatory approvals. Shares may be transferred under this call option to Bajaj BV once all regulatory approvals have been obtained. Until these approvals are received, the current control situation will remain unchanged.
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