Free Float at KTM Declines

Businessn.a. ♦ Published: April 6, 2012; 15:18 ♦ (Vindobona)

The Austrian motor-cycle manufacturer has a free float of only 2.9%. The two main shareholders are CEO Stefan Pierer and the Indian Rajiv Bajaj.

Free Float at KTM Declines / Picture: © KTM

Rajiv Bajaj, CEO of the Indian motor-cycle producer Bajaj Auto, increased his stake in KTM last week. Bajaj, who is a member of KTM´s supervisory board, acquired 663,243 shares. The share price was set at € 39. The package´s volume was € 25.9m, which corresponds to a 6.3% share in KTM. Already before, Bajaj held 38% in KTM. In 2007, Bajaj has held a 14.5% stake. The seller was the…

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