Brief: Pierer Mobility To Take Over Remaining 60% Of Shares In PEXCO

Bajaj Mobility AG

20/12/2019 06:41

Dec 20 (Reuters) - PIERER MOBILITY AG  PMAG.VI :
    * COMPLETE TAKEOVER OF THE E-BIKE DIVISION PEXCO GMBH INTO
THE
LISTED PIERER MOBILITY AG
    * RESOLVES TO TAKE OVER REMAINING 60% OF SHARES IN PEXCO
GMBH FROM
PIERER INDUSTRIE AG AT ITS ACQUISITION VALUE, WITH PEXCO NOW
BECOMING PART OF PIERER MOBILITY AG CONSOLIDATION GROUP ALREADY
AT END OF 2019
    * WITH IMMEDIATE EFFECT, VIKTOR SIGL, MEMBER OF MANAGEMENT
BOARD
OF KTM, IS ALSO APPOINTED TO MANAGEMENT BOARD OF PIERER MOBILITY

Source text for Eikon:  ID:nPexjk60Ha 
Further company coverage:  PMAG.VI 

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