PIERER Mobility AG and Bajaj Enter Call Option Agreement for Potential Control Shift

PIERER Mobility AG has announced a strategic decision involving its majority shareholder, Pierer Bajaj AG. Pierer Industrie AG, holding 50.1% of Pierer Bajaj AG, has signed a call option agreement with Bajaj Auto International Holdings B.V. This contract allows Bajaj BV the option to acquire Pierer Industrie AG’s shares in Pierer Bajaj AG, potentially altering control over PIERER Mobility AG by May 2026.

Regulatory approval is necessary for this change, ensuring compliance with EU regulations. Until then, the existing control structure will remain. This decision underscores possible shifts in the company’s ownership dynamics.

The announcement is not an offer or solicitation to buy securities and is restricted from distribution in certain jurisdictions, such as the United States, Canada, and Japan, among others.