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German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles

The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe

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Illustration: Ajay Mohanty

Shally Seth Mohile Mumbai
Mutares SE & Co, a German private equity firm, will acquire 80 per cent controlling stake in Mahindra Two Wheeler Europe Holding-owned Peugeot Motorcycles (PMTC), Mahindra said in a filing to the stock exchanges on Thursday.

"Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in Peugeot Motocycles (PMTC)," it said. M&M remains co-shareholder to support new product launches and the strong growth expected in the coming years, it said. 

The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across

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First Published: Nov 10 2022 | 11:03 PM IST

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