Ursus acquires remaining stake in Ursus Bus

Invest-Mot, the main shareholder of WSE-listed tractor producer Ursus, bought 29.26 percent stake in in Ursus Bus from AMZ Kutno. After the transaction, it will control 100 percent stake in its subsidiary. “We all care about the better valuation of Ursus shares on the stock exchange, we want to appreciate investors who, like the leading shareholders, are associated with Ursus for a long time Electromobility is one of the fastest growing branches of our economy, and we want to be a beneficiary of its further development. That is why we have decided to buy the remaining shares. The ecological revolution is affecting more and more cities, local governments decide to buy electric buses, which benefits not only the economy and the industry but above all the society,” said Andrzej Zarajczyk CEO of Invest-Mot. The completed transaction is in line with the owner's strategy, which assumes, among others, diversification of the Ursus product range and further investments in the development of the electromobility segment, he added.