PIERER Mobility AG Sells Stake in MV Agusta

PIERER Mobility AG has announced the sale of its entire stake in MV Agusta to the minority shareholder Art of Mobility S.A. KTM AG, a subsidiary of PIERER Mobility, had initially acquired 25.1% of MV Agusta in November 2022, increasing its stake to 50.1% by spring 2024. The negotiated sale is valued in the mid double-digit million range.

The transaction remains subject to regulatory approval and is anticipated to conclude in the first half of 2025. This move marks a significant shift in ownership for the Italian motorcycle manufacturer, MV Agusta, and aligns with PIERER Mobility’s strategic decisions.

PIERER Mobility AG is publicly traded, with shares listed on the Vienna Stock Exchange and SIX. The company has clarified that this announcement does not constitute an offer to sell or solicitation to purchase securities.