Mutares Reduces Steyr Motors AG Stake, Enhancing Liquidity

Mutares SE & Co. KGaA has successfully placed 910,000 shares of Steyr Motors AG through an accelerated bookbuilding process, reducing its shareholding to 40.1%. The transaction raises EUR 30.9 million in gross proceeds. This move comes amid the German Bundestag's amendments to increase support for the defense industry.

The placement aims to enhance the liquidity of Steyr Motors' shares, making them more attractive to a broader investor base. Including previous transactions, Mutares has sold about 1.6 million shares, generating approximately EUR 74.0 million in gross proceeds.

Mutares remains a key shareholder with a 40.1% stake in Steyr Motors and will continue to support its strategic development. With strong demand for its high-performance engines, Steyr is positioned for robust growth and profitability.