An insolvency administrator has put KTM’s shares in MV Agusta up for sale, as the Austrian company continues to reel in from a financial crisis.
KTM’s parent company Pierer Mobility AG had acquired a 25.1 per cent stake in MV Agusta in November 2022, before taking over the majority of the company in March of this year.
Now, its entire 50.1% stake in the Italian motorcycle company is being sold, according to an announcement made by a regional court in Ried im Innkreis in Upper Austria on 17 December.
The administrator is also selling all shares in MV Agusta Services as part of insolvency proceedings against KTM.
Rumours suggest that former owner Timur Sardarov may be interested in buying back shares in MV…
