Bajaj Auto clears EU review for control of PIERER Mobility
BAJAJ-AUTO · price
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On the reaction day the stock moved 1.1 pts more than Nifty 100 and 1.8 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bajaj Auto's wholly owned BAIH can proceed with acquiring Pierer Industrie AG's 50.1% stake in Pierer Bajaj AG, which holds 74.9% of PIERER Mobility AG, KTM's parent. The European Commission will not start an in-depth investigation, and all regulatory requirements for Bajaj Auto to take control are met. Closing is expected in the coming weeks.
The deal removes a key regulatory hurdle and could strengthen Bajaj Auto's control of KTM's parent, but closing remains pending. No mandatory takeover bid is required.