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, […]