Deals & Cases

Schellenberg Wittmer advises PIERER Mobility AG on share buyback program

22.10.2019

Schellenberg Wittmer advises PIERER Mobility AG (previously KTM Industries AG), Wels, Austria, Europe's largest manufacturer of powered two-wheelers, on its share buyback program at market price. Within the framework of the share buyback program running until 21 October 2021, PIERER Mobility AG may repurchase a total of 1,668,763 bearer shares, corresponding to 7.4% of the company's share capital (approx. EUR 75.7 Mio. at the current share price). The company's shares are listed both on SIX Swiss Exchange and the Vienna Stock Exchange.

The Schellenberg Wittmer team consisted of Philippe Borens (Banking & Finance), Pascal Hubli (Corporate/M&A) and Andrea Andelic.

 

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