BREAKING: 2024 KTM 250 Duke Launched With A New Colour Option
- Apr 3, 2024
- Views : 3359
Cross KraftFahrZeug Holding GmbH, one of KTM CEO Stefan Pierer's companies, and the majority shareholder of KTM AG with 51.4% of the shares, has announced its plan to delist the motorcycle manufacturer and WP Suspension from the Vienna Stock Exchange. To this effect, the company will propose to withdraw all public shares at KTM’s annual shareholders meeting on April 21. Bajaj Auto is the other significant investor in KTM, with a 48% stake.
By this calculation, only 0.6% of KTM stock are on the free-float or public market right now, and they can be bought or sold by anyone. Cross Industries is making a public purchase offer for the remainder of the shares and is willing to pay €122.5 per share, equivalent to Rs 9259.73 at the time of writing. The offer price is based on the average price of KTM stock over the last six months.
According to Cross Industries, the move to delist both KTM and WP will establish a leaner capital market structure. It will also make KTM (and WP Suspension) entirely privately owned companies, but this should not impact the consumers in any way. In fact, no longer being a public company should make KTM's life easier by making the decision process quicker thanks to fewer parties involved in the business. Also, this will leave KTM free from other formal obligations to the shareholders.
KTM’s CEO Stefan Pierer is the controlling owner of Cross Industries and will remain in charge of the company.
BREAKING: 2024 KTM 250 Duke Launched With A New Colour Option
BREAKING: 2024 KTM RC And Adventure Range Launched With New Colours
KTM AG Now Owns Majority Stake In MV Agusta
2024 KTM 390 Adventure and 390 Adventure R Spied Testing Together In...
2024 KTM RC 8C Launched Abroad; KTM Cup Returns For A 2nd Season!
KTM And Husqvarna Bikes Receive 5-Year Extended Warranty For Free
Upcoming Two-Wheeler Launches In March 2024
Bajaj Pulsar NS400 India Launch In April 2024
EXCLUSIVE: Upcoming Bajaj CNG Bike Spotted Testing Again
Yezdi 500cc Retro Bike, Yezdi Streetfighter 334, And Adventure Rally...
India's largest automotive community