Brief: Pierer Mobility Intensifies Joint Venture With CFMOTO In China

Bajaj Mobility AG

30/09/2020 06:05

Sept 30 (Reuters) - PIERER MOBILITY AG  PMAG.VI :
    * INTENSIFICATION OF JOINT VENTURE WITH CFMOTO IN CHINA
    * TRANSACTION IS EXPECTED TO CLOSE IN DECEMBER 2020.
    * CFMOTO HAS ACQUIRED AROUND ANOTHER PERCENT IN LISTED
PIERER
MOBILITY AG AND THUS HOLDS AROUND 2.05% IN COMPANY
    * SHARES ACQUIRED BY CFMOTO COME FROM PIERER
KONZERNGESELLSCHAFT
MBH AND DIRECTORS OF PIERER GROUP

Source text for Eikon:  ID:nEQ2DY8Rsa 
Further company coverage:  PMAG.VI 

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