As per new reports, KTM’s financial challenges have led to significant shifts in its portfolio, with the latest development being the sale of its stake in MV Agusta. Just nine months after acquiring a 50.1% stake in the iconic Italian motorcycle brand, KTM’s parent company, Pierer Mobility Group (PMG), is reportedly putting its shares up for grabs.
While no official statement has been released by KTM, MV Agusta, or PMG, reports from Autosport indicate that a regional court in Upper Austria confirmed the move on December 17. KTM’s financial restructuring, which began earlier this year under ‘self-administration,’ appears to be driving this decision.
The acquisition of MV Agusta always seemed like a unique fit within PMG’s portfolio, which includes KTM, Husqvarna, and GasGas. Now, speculation suggests that former MV Agusta owner Timur Sardarov may be interested in buying back the shares, potentially returning him to the helm of the legendary Italian manufacturer.
With KTM streamlining operations and MV Agusta’s future ownership uncertain, this sale marks a pivotal moment for both brands.
