Bajaj Holds 47.2% in KTM

Businessn.a. ♦ Published: May 2, 2012; 22:02 ♦ (Vindobona)

At the end of April, the Indian motor vehicle producer enlarged its stake in the Austrian company from 41% to 47.2%.

Bajaj Holds 47.2% in KTM / Picture: © KTM

Hans-Jörg Hofer, Liechtenstein, sold 663,243 shares in KTM Power Sports AG, which equals a share of 6.31% in voting rights and nominal capital of KTM Power Sports AG, on April 27th. Hofer fell below the threshold of 5% and now holds 0% of voting rights in KTM Power Sports AG.

On April 27th, 2012 Bajaj Auto International Holdings B.V., Amsterdam, Netherlands, has…