Brief: Pierer Mobility Says Early Takeover Of Majority Stake In MV Agusta

Bajaj Mobility AG

15/03/2024 17:07

March 15 (Reuters) - PIERER Mobility AG  PKTM.VI :
    * EARLY TAKEOVER OF MAJORITY STAKE IN MV AGUSTA
    * CALL OPTION TO ACQUIRE MAJORITY STAKE IN MV AGUSTA MOTOR
S.P.A.
TO 50.1% EXERCISED  PREMATURELY
    * PIERER MOBILITY- IN MEDIUM TERM, AN ANNUAL PRODUCTION
VOLUME OF
MORE  THAN 10,000 MV AGUSTA PREMIUM MOTORCYCLES IS PLANNED AT
THE SITE IN VARESE
    * PIERER MOBILITY- IN ADDITION, MV AGUSTA'S PRODUCT  RANGE
IS ALSO
DISTRIBUTED IN PART VIA PIERER MOBILITY'S GLOBAL SALES NETWORK.
    * HUBERT TRUNKENPOLZ, IS TAKING OVER THE ROLE OF CEO AND
CHAIRMAN
OF THE BOARD OF DIRECTORS FROM TIMUR SARDAROV

Source text for Eikon:  ID: 
Further company coverage:  PKTM.VI 

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