This report will reignite the rumor mill: the entry of Stefan Pierer, Mark Mateschitz and two companies from Raiffeisenlandesbank Oberösterreich has been postponed. The planned deal will not be completed this year, but probably not until the first quarter of 2025.
Robau, founded by Pierer Industrie AG, the investment company of Mark Mateschitz and two companies, is spending 119 million euros on Rosenbauer’s share package, making it possible to join the fire equipment company.
In the second step, the company around Stefan Pierer, Red Bull heir Mark Mateschitz and Raiffeisen OÖ even wants to secure the majority in the company from Leonding (Upper Austria).
But: the deal is delayed! However, it is apparently not the European restructuring process that was initiated at Pierer Industrie AG just a few days ago, but rather the lack of regulatory approval that such a deal would require. There is already a green light from the EU and the US, but other relevant countries are still missing.
It is now expected that the capital increase will not be completed until the first quarter of 2025. This also requires a new decision by the board of directors and renewed approval by the supervisory board.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
