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Pierer and Knünz to introduce shares in equity firm

Published: June 28, 2010; 00:00 · (Vindobona)

KP Invest is majority shareholder in Cross Industries and UIAG

Pierer and Knünz to introduce shares in equity firm / Picture: © Vindobona.org

Stefan Pierer and Rudolf Knünz have introduced the shares they jointly controlled in the investment company “KP Invest Beteiligungs GmbH” KP as announced by several corporate announcements. Pierer and Knünz have each transferred 335,000 shares of the Cross Industries to KP Invest, which corresponds to a share of voting rights and capital of around 67%.

Thereby KP Invest indirectly controls more than 50 percent of motorcycle producer KTM Power Sports AG. Part of KP Invest is also its share at the ski manufacturer Kästle

The two investors also have each around one million shares of Invest AG (UIAG). This corresponds to participation in voting rights and capital share of 50.1 percent.

The 50.2 percent stake at Pankl Racing is now indirectly controlled by the Cross Automotive Holding.

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