EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Disposal Ad hoc notification pursuant to Article 17 of Regulation (EU) No 596/2014 (MAR) Ad hoc announcement pursuant to Art. 53 LR
PIERER Mobility AG: Sale of shares in MV Agusta
In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired 25.1% of MV Agusta Motor S.p.A., based in Varese (Italy), by way of a capital increase and increased its shareholding to 50.1% in spring 2024.
KTM AG has reached an agreement to sell its majority stake in MV Agusta to the minority shareholder Art of Mobility S.A. for an enterprise value in the mid double-digit million range. The transaction is subject to the approval or non-prohibition of committees and authorities. The transaction is expected to be finalized in the first half of 2025.
Legal Notice THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
For further information: Investor Relations Hans Lang & Melinda Busáné-Bellér Tel: +43 676 4140945 or +43 676 4093711 Email: ir@pierermobility.com Website: https://www.pierermobility.com
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI
End of Inside Information
31-Jan-2025 CET/CEST News transmitted by EQS Group. www.eqs.com |
Language: | English |
Company: | PIERER Mobility AG |
Edisonstrasse 1 | |
4600 Wels | |
Austria | |
Phone: | +43 (0) 7242 69 402 |
E-mail: | ir@pierermobility.com |
Internet: | www.pierermobility.com |
ISIN: | AT0000KTMI02 |
WKN: | A2JKHY |
Listed: | SIX, Vienna Stock Exchange |
EQS News ID: | 2079243 |
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM SW; PKTM AV Reuters: PKTM.S; PKTM.VI |
End of Announcement | EQS News Service |
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2079243 31-Jan-2025 CET/CEST
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