India, March 18 -- Mutares SE & Co. KGaA announced its decision to increase the free float of Steyr Motors AG to diversify its shareholder base further. This decision follows the German Bundestag's recent constitutional amendment, which aims to bolster the German defense industry, as well as the strong demand for Steyr shares. The move is designed to create investment opportunities for new investors while expanding options for existing shareholders.
Therefore, Mutares has agreed with the bank that acted as Listing Agent on Steyr's listing on the Frankfurt Stock Exchange in October 2024 on a consent to terminate the currently remaining soft lock-up obligation under the listing agreement.
Mutares intends to remain a major shareholder of Ste...