In June, as reported, an agreement was reached that KTM boss Stefan Pierer, Red Bull heir Mark Mateschitz and Raiffeisen Oberösterreich would buy all of Rosenbauer’s shares for 119 million euros in the capital increase. The investment management company, which is backed by the families of the Rosenbauer dynasty, lost its majority, and the free float shareholders were also diluted.
This Thursday morning, the Austrian consortium announced what had been expected: they are taking over a 50.1 percent majority stake in Rosenbauer and thus control. The shares are being bought by the investment management, which will reduce its stake to 17.23 percent.
Pierer, Mateschitz, Friedrich Roithner and Gernot Hofer are to join the supervisory board. The majority takeover will trigger a mandatory offer to the remaining shareholders, who are expected to be offered 35 euros per share in the fourth quarter. On Thursday at 9:04 a.m. the price was 35.90 euros.
