DISPOSAL OF INTEREST IN YASA LIMITED AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Disposal of interest in YASA Limited
Shareholders are referred to the latest cautionary announcement released by Universal Partners on 22 July 2021 and are
advised that the Company has completed the disposal of its interest in YASA Limited (‘YASA’) to Daimler UK, a
subsidiary of Mercedes Benz AG (‘MBAG’â) (the ‘Transaction’). The Transaction was completed on 3 August 2021.
After acquiring all of the shares in YASA, including the 21.95% (fully diluted) held by the Company, MBAG is now
the owner of 100% of the shares and claims in YASA.
YASA manufactures very powerful, lightweight Axial Flux electric motors for the Automotive industry and is currently
autoevolution 20 May 2021, 9:32 UTC ·
by
One way or another, the future will be electric. With the debut of Harley-Davidson s new LiveWire EV-only brand, more and more motorcycles will take on the trend. For Curtiss Motorcycles, luxury marries electrification in a ride. On that note, the brand just rolled out a trailer that showcases the beginning of its new golden age of electric motorcycles. 8 photos
We know that retro-bikes will never lose their charm, and Curtiss Motorcycles seem to combine the vintage look with modern convenience. Formerly known as Confederate Motors, the Alabama-based brand has a rich history dating back to 1907, when Glenn Curtiss set an unofficial world record of 136 mph (219 kph), on a 40 hp (30 kW) V8-powered motorcycle designed and built by himself in Florida.