PIERER Mobility AG: Restructuring Privilege Confirmed for Bajaj Auto Acquisition

The Austrian Takeover Commission has confirmed a restructuring privilege for Bajaj Auto International Holdings B.V.'s acquisition of control over PIERER Mobility AG. Bajaj Auto aims to acquire shares from Pierer Industrie AG, subject to regulatory approvals. Notably, Bajaj Auto is not required to make a mandatory takeover offer to PIERER shareholders.

Conditions are set by the Austrian Takeover Commission to safeguard shareholder interests. Bajaj Auto must report to the commission and PIERER Mobility AG general meetings about transactions related to the control acquisition. The anticipated non-prohibition of the merger is expected by November 10, 2025. Bajaj Auto plans to exercise its call option fully, securing sole control over PIERER Mobility AG.