<ul><li>India's Bajaj Auto to acquire financially beleaguered Austrian motorcycle maker KTM, taking a majority stake in the company with an 800 million Euro debt package.</li><li>Bajaj currently holds a 49.9% stake in Pierer Bajaj AG (PBAG) in Austria and with the new transaction, will gain majority control of PBAG and in turn, of KTM, Husqvarna, and GasGas brands.</li><li>The deal includes a debt package to provide liquidity to KTM for operations and creditor obligations, requiring approvals from Austrian authorities and courts for restructuring.</li><li>With Bajaj becoming a majority owner in KTM, it aims to accelerate the business and development of KTM motorcycles in India and across 80 countries in the KTM network.</li></ul>

KTM Motorcycles to be acquired by India’s Bajaj Auto

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