Steyr Motors Increases Free Float to 80% After Mutares' Share Reallocation

Steyr Motors AG, a leader in custom engine solutions, announced an increase in its free float to 80% following Mutares SE & Co. KGaA's sale of its remaining 23% stake. This move aligns with Mutares' strategy of divesting post-operational turnaround investments and opens the door for institutional investors. The shares enjoyed high demand, particularly from international markets.

B&C Holding Österreich GmbH remains the anchor shareholder with a 20% stake, ensuring stability. The boost in free float enhances share liquidity, benefiting both private and institutional investors through improved market transparency and fairer pricing.

The divestment reflects confidence in Steyr Motors' growth potential. New institutional investors are seen as beneficial for supporting the company's future developments. The sale marks a positive milestone for the company, reinforcing its strategic position and expansion prospects.