MUTARES SE & CO. KGAA
EQS-News: Mutares SE & Co. KGaA
/ Key word(s): Takeover/Investment
Mutares successfully completes acquisition of Peugeot Motocycles Munich, 01 February 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today announced that it has successfully completed the acquisition of 50% equity and a controlling stake of 80% in Peugeot Motocycles (PMTC) from Mahindra & Mahindra (M&M). M&M will remain a co-shareholder to support new product launches and the strong growth expected in the coming years.
Peugeot Motocycles designs and manufactures two-and three-wheelers, which are distributed through 3,000 points of sale by subsidiaries, importers, and dealers in France and internationally, across three continents. Headquartered in Mandeure, France, the company generates revenues of approximately EUR 140 million and has its own manufacturing facility in Mandeure, a joint venture with JNQQ (Jinan Qingqi Motorcycle Co., Ltd.) in China, as well as manufacturing partnerships with several large Asian players, including THACO in Vietnam. About Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of approx. EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650). For more information, please contact: Mutares SE & Co. KGaA Investor Relations: Press Contact: Contact for press inquiries in France:
01.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | ir@mutares.de |
| Internet: | www.mutares.de |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1544415 |
| End of News | EQS News Service |
1544415 01.02.2023 CET/CEST
