Pierer Mobility, owner of KTM motorcycles, seeks Frankfurt listing

Bajaj Mobility AG

08/01/2020 18:39

FRANKFURT, Jan 8 (Reuters) - Austria's Pierer Mobility AG
 PMAG.VI , which owns the KTM motorcycles brand, on Wednesday
said it plans to seek an additional listing on the Frankfurt
Stock Exchange in the first quarter of 2020.
    Pierer, which is headquartered in Wels, Austria, said it
will end its listing in Vienna once it has been admitted to the
general standard in Frankfurt. It will keep its primary listing
on the SIX Swiss Exchange.
    Pierer owns the KTM and Husqvarna motorcycle brands, and
specialises in developing premium motorcycles. The company also
has an electric two-wheeler partnership with India's Bajaj
 BAJA.NS .

 (Reporting by Edward Taylor; Editing by Kirsten Donovan)
 ((Edward.Taylor@thomsonreuters.com; +49 69 7565 1187;))