Institutional Investors completed the acquisition of a 23% stake in Steyr Motors from Mutares.

Institutional Investors completed the acquisition of a 23% stake in Steyr Motors, a manufacturer of diesel engines, from Mutares, a German-based holding company. Financial terms were not disclosed. “The complete sale of the stake in Steyr Motors is in line with Mutares’ strategic approach of divesting investments after a successfully completed operational turnaround. With the successful placement, we are once again confirming our ability to realize significant value increases in the portfolio. The high demand from institutional investors demonstrates their confidence in Steyr Motors’ future. We are proud to have successfully accompanied the company’s development over the past few years and are delighted with the significant cash inflow and value realization for our shareholders,” Johannes Laumann, Mutares CIO.