When rumors came a year ago that Stefan Pierer, Mark Matschitz and the Raiffeisenlandsebank Upper Austria could start near Rosenbauer, this was a perfect solution for outsiders. With the bankruptcy of motorcycle manufacturers KTM, the photo became drastic. It rumbles among the small shareholders because of Pierer, who recently cleared three main chairman in one.
During the annual General Meeting on Thursday a week ago at the Marriott Hotel in Linz, shareholders had made no secret of the fact that they were worried about Stefan Pierer. With Pierer Industrie AG, the KTM co-owner is one of the third partners of the Robau consortium, which now belongs to the majority of Rosenbauer. In addition to the Pierer industry, 33 percent of Robau each had a company of Red Bull Erbe Mark Mateschitz and the Raiffeisenlandsebank Upper Austria, which is involved in two companies.
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.
