As announced by Steyr Motors AG and its majority shareholder, Mutares SE & Co. KGaA, on October 28, 2024, a share issue in Steyr Motors AG was successfully implemented through a private placement. The private placement includes a capital increase for Steyr Motors AG to support the company’s further growth. Listing and trading of Steyr Motors shares in the “Scale” growth segment of the Frankfurt Stock Exchange is planned for October 30, 2024.

As part of the private placement, B&C Holding Österreich GmbH (“B&C Group”) acquired a 9.9 percent stake in Steyr Motors AG at the offer price. B&C Group is thus supporting the IPO of Steyr Motors AG as a cornerstone investor and intends to contribute to the company’s continued growth as a minority shareholder.

Headquartered in Steyr, Austria, Steyr Motors AG (www.steyr-motors.com), is a global leader in the development and production of high-performance engines with high-power density and durability. As a niche supplier, Steyr Motors AG with approximately 100 locally based employees is a technology leader in Austria. The company’s engines are primarily used in special vehicles and boats for military and civilian applications, as well as in auxiliary power units (“APU”) for tanks and locomotives. For the full year 2024, Steyr Motors AG expects sales to reach more than EUR 40 million and a significant increase in profitability.

About B&C Group

The B&C Private Foundation (www.bcprivatstiftung.at) is an independent foundation. Since its inception in December 2000, its goal has been to foster Austrian entrepreneurship and strengthen Austria’s position as a business hub. B&C acts as a stable core shareholder in Austrian industrial companies through its holding companies, the B&C Group (www.bcgruppe.at). B&C is core shareholder of Lenzing AG with a stake of 37.25 percent and holds majority stakes in Semperit AG Holding (54.2 percent) and AMAG Austria Metall AG (52.7 percent). Through B&C Innovation Investments, B&C Group has been investing in tech-driven growth companies since 2016. It currently holds stakes in Awake Mobility, Citrine, Contextflow, Flightkeys, Frequentis, Kinexon, Klarx, Neoom, ParityQC, TriLite und TTTech. The B&C Private Foundation fosters Austria’s development as a business location through numerous projects and initiatives. These include the Houska Prize (www.houskapreis.at), the initiative for innovation and location research eXplore! (www.explore.university) and MEGA Foundation for Education (www.megabildung.at), as well as projects and expert events in the field of law and economics research.