EQS-Adhoc: PIERER Mobility AG: EU Commission does not initiate in-depth investigation under the Foreign Subsidies Regulation
EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Restructure of Company
PIERER Mobility AG: EU Commission does not initiate in-depth investigation
under the Foreign Subsidies Regulation
10-Nov-2025 / 14:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by [1]EQS News – a service of
[2]EQS Group.
The issuer is solely responsible for the content of this announcement.
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Ad hoc notification pursuant to Article 17 Regulation (EU) No 596/2014
(MAR)
Ad hoc announcement pursuant to Art. 53 LR
Wels, November 10, 2025
PIERER Mobility AG: EU Commission does not initiate in-depth investigation
under the Foreign Subsidies Regulation
• All regulatory requirements for Bajaj to take control have been met
On May 22, 2025, Bajaj Auto International Holdings B.V. entered into a
call option agreement with Pierer Industrie AG, which enables Bajaj Auto
International Holdings B.V. to acquire all shares held by Pierer Industrie
AG in Pierer Bajaj AG and thus indirectly control PIERER Mobility AG
latest by the end of May 2026 (the “Call Option”).
Bajaj Auto International Holdings B.V. has just informed the company that
on November 10, 2025 it has been notified by the European Commission that
no in-depth investigation pursuant to Article 11 of Regulation 2022/2560
would be initiated and that the takeover may now proceed to completion as
of November 11, 2025. This means that the acquisition of Pierer Industrie
AG’s 50.1 per cent stake in Pierer Bajaj AG is now possible. Bajaj Auto
International Holdings B.V. will thus become the sole owner of Pierer
Bajaj AG as soon as the closing has been formally completed. Pierer Bajaj
AG will continue to hold 74.9 per cent of KTM’s parent company PIERER
Mobility AG. The closing of the change of control is expected in the
coming weeks.
Legal notice
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A
SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF PIERER MOBILITY AG. IT
IS NOT FOR DISTRIBUTION, TRANSMISSION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
For further information:
Investor Relations
Melinda Busáné Bellér
Tel: +43 676 4093711
Email: [3]ir@pierermobility.com
Website:[4] https://www.pierermobility.com
ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
Symbol: PKTM; Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI
End of Inside Information
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10-Nov-2025 CET/CEST News transmitted by [5]EQS Group
View original content: [6]EQS News
══════════════════════════════════════════════════════════════════════════
Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone: +43 (0) 7242 69 402
E-mail: ir@pierermobility.com
Internet: www.pierermobility.com
ISIN: AT0000KTMI02
WKN: A2JKHY
Listed: SIX, Vienna Stock Exchange
EQS News ID: 2226974
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
SW; PKTM AV Reuters: PKTM.S; PKTM.VI
End of Announcement EQS News Service
2226974 10-Nov-2025 CET/CEST
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2226974&application_name=news&site_id=apa_ots_austria~~
References
~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2226974&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
3. ir@pierermobility.com
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=68105e436de3a04bc811a5f1cb304d68&application_id=2226974&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2226974&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f37d3f6c6c785d46b53c22791b963600&application_id=2226974&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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