Image source: Crash
P1racenews AI automatic summary:
Bajaj Auto will move from dormant minority investor to a majority owner of KTM
Indian company Bajaj Auto has confirmed plans to take control of KTM AG in an €800m ($906.2 million) deal.
The deal aims to help KTM overcome major financial issues and see Bajaj Auto become the strategic lead.
KTM’s creditors are set to receive 30% of what they are owed, with the investment helping the manufacturer get back on its feet.
Bajaj Auto will have a controlling stake in Pierer Bajaj AG, gaining indirect control of Pierer Mobility AG, KTM’s parent company.
This move solidifies Bajaj Auto’s long-term partnership with KTM and positions them as a driving force in the global high-performance motorcycle market.
