The investment company Mutares has divested itself of its remaining stake in Steyr Motors.
As the Munich-based company announced on Thursday, they placed the remaining 23 percent stake in the Austrian engine manufacturer with institutional investors from home and abroad.
Mutares took over Steyr in the fourth quarter of 2022 and then took the company public in October 2024. From March 2025, the company gradually divested itself of further securities. With the current placement, Mutares has now completely left the Steyr Motors shareholder group, the statement continued.
For the company, the investment in Steyr Motors, whose shares had meanwhile been driven by armaments fantasy, was worthwhile: Overall, gross proceeds of 170 million euros were achieved over the entire holding period, meaning that, according to the information, Mutares was able to achieve a return on investment (ROIC) “significantly” above its own target range.
In XETRA trading, the Mutares share was temporarily 2.73 percent higher at 26.30 euros.
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MUNICH (dpa-AFX)
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