Mahindra Group: The company said, Rajesh Jejurikar is re-appointed as the whole-time Director or executive Director and CEO for Auto and Farm Sector of the company. Anish Shah is re-appointed as Managing Director and Chief Executive Officer of the company.
The acquisition was completed in January 2015.In 2019, MM announced that its subsidiary MTWEH will fully acquire PMTC for an undisclosed amount. Munich-headquartered Mutares, a listed private equity holding company, 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.
New Delhi, Nov 11: Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra’s French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, […]