As the Munich-based company announced on Thursday, it placed its remaining 23 percent stake in the Austrian engine manufacturer with institutional investors from Germany and abroad.
Mutares had acquired Steyr in the fourth quarter of 2022 and then floated the company on the stock exchange in October 2024. From March 2025, the company then gradually disposed of further shares. With the current placement, Mutares has now completely exited the shareholder group of Steyr Motors, the press release continued.
For the company, the investment in Steyr Motors, whose shares were temporarily driven by defense fantasies, has paid off: Overall, gross proceeds of EUR 170 million were generated over the entire holding period, according to the statement, Mutares was able to achieve a return on investment (ROIC) "significantly" above its own target range.
