On Friday evening it was announced that Robau Beteiligungsverwaltung, founded by Stefan Pierer, Mark Mateschitz and two companies from Raiffeisenlandesbank Oberösterreich, had to be completed by February 28 at the latest. On Monday the investor announced: The takeover is on its way home.
The bankruptcy of the motorcycle manufacturer KTM, led by Stefan Pierer, and the European restructuring process at Pierer Industrie AG raised doubts as to whether the entry of Robau Beteiligungsverwaltung GmbH with Pierer, Mark Mateschitz and two Raiffeisenlandesbank Oberösterreich companies would be a success at all. become. a reality.
Until February 28
Things started moving last week. Rosenbauer first announced that the deal would no longer happen this year as expected, but that regulatory approvals were still lacking and the investor was not expected to join until the first quarter of 2025. Then another update on Friday evening: Financing institutions and lenders have given them until February 28 to complete the deal.
On Monday, Robau Beteiligungsverwaltung GmbH, backed by Stefan Pierer, Mark Mateschitz and RLB OÖ, announced that the takeover was underway. Only four countries in the Arab region have not yet given approval to the respective competition authorities, it was reported.
Once all approvals have been received, the capital increase and acquisition of shares by Robau to Rosenbauer will be completed: 50.1 percent will then be owned by Robau. At the same time, a mandatory offer will be made to all other shareholders. 35 euros per share is offered.
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.
