Bajaj Auto unit gets regulatory nod in Austria to take control over Pierer Mobility AG

Bajaj Auto's subsidiary has received approval from the Austrian Takeover Commission. This allows for the acquisition of Pierer Mobility AG, the parent company of KTM AG. The commission has confirmed that Bajaj Auto is not obligated to make a mandatory takeover bid to Pierer Mobility AG shareholders. This development follows earlier approvals from merger control authorities.

from Auto-Industry-Economic Times https://ift.tt/iDLarlp