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The latest announcement is out from PIERER Mobility AG ( (CH:PKTM) ).
Bajaj Auto Ltd, through its subsidiary Bajaj Auto International Holdings B.V., has acquired a significant stake in PIERER Mobility AG, holding approximately 74.94% of the shares. This acquisition is facilitated through a call option agreement with Pierer Industrie AG, and its execution is contingent upon regulatory approvals, potentially impacting the company’s strategic direction and market influence.
The most recent analyst rating on (CH:PKTM) stock is a Hold with a CHF28.00 price target. To see the full list of analyst forecasts on PIERER Mobility AG stock, see the CH:PKTM Stock Forecast page.
More about PIERER Mobility AG
PIERER Mobility AG operates in the mobility industry, focusing on the production and distribution of motorcycles and electric vehicles. The company is known for its innovative approach and has a significant market presence in Europe.
YTD Price Performance: -6.34%
Average Trading Volume: 13,932
Current Market Cap: CHF619.2M
For detailed information about PKTM stock, go to TipRanks’ Stock Analysis page.