PIERER Mobility AG Engages Citigroup to Revamp Ownership Framework

PIERER Mobility AG has announced the appointment of Citigroup Global Markets Europe AG to aid in the reorganization of its ownership structure. This strategic move is intended to facilitate talks with both existing and new strategic and financial investors. The aim is to attract investors for a crucial cash capital increase or other financial instruments, thereby fortifying the PIERER Mobility Group and particularly KTM AG.

The investment process, designed to be structured, transparent, and efficient, requires the involvement of Citigroup to ensure stakeholders' interests are upheld. To finalize this process, a shareholders' meeting will be convened to make necessary resolutions.