Bajaj Auto completes acquisition of majority stake in KTM
after close1 source ↓written by the desknot a recommendation
- valued
- €800 million
- European Commission
- 10 Nov 2023
Bajaj Auto Ltd has successfully completed the acquisition of a majority stake in KTM, valued at €800 million. This follows the receipt of all necessary approvals from European regulators, including the final nod from the European Commission on 10 Nov 2023. The deal also involves rebranding of holding entities, with Pierer Bajaj AG now known as Bajaj Auto International Holdings AG.
This acquisition strengthens Bajaj Auto's position in the global motorcycle market, potentially enhancing its growth prospects and market share. 📈
Not investment advice. For informational purposes only.