PIERER Mobility AG
Pierer and Bajaj conclude name possibility settlement enabling a future change of management
Pierer Bajaj AG is almost all 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 Worldwide Holdings BV (“Bajaj BV”).
Pierer Industrie AG at the moment entered right into a name possibility settlement with Bajaj BV, which permits Bajaj BV to amass Pierer Industrie AG’s shares in Pierer Bajaj AG by the tip of Might 2026, and thus not directly achieve management over PIERER Mobility AG.
Such a change of management requires regulatory approvals. Shares can solely be transferred to Bajaj BV underneath this name possibility in spite of everything regulatory approvals have been obtained.
Till these approvals are obtained, the present management state of affairs will stay unchanged.
For additional background on how KTM bought so far, please check out our feature here.
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