Bajaj Auto gets green light to take full control of KTM
Bajaj Auto Ltd. has secured approval from the Austrian Takeover Commission to acquire full control of Pierer Mobility AG (PMAG), the parent of KTM AG and other premium motorcycle brands. Already holding a 49.9% stake in the joint-venture company Pierer Bajaj AG (PBAG) in Austria, Bajaj will now acquire the remaining 50.1% from Pierer Industrie…