Bajaj Auto to acquire a majority stake in KTM for €800m.

Synopsis

Bajaj Auto, an Indian multinational automotive manufacturing company, agreed to acquire a majority stake in KTM, an Austrian motorcycle manufacturer, for €800m.

Principals

target

Ktm

bidder

Bajaj Auto

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Market Context

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Seller Team (2)

gottfried neumeister

CEO at KTM AG

Manager

target

Deal

£ 672 M

Total Value

pedro lecubarri

Investment Banking Analyst at Citigroup

Financial Advisor

target

Deals

£ 954 M

Total Value

Bidder Team (1)

rajiv bajaj

Managing Director at BAJAJ AUTO

Manager

bidder

Deal

£ 672 M

Total Value

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