Austria's Cross buys 20 pct KTM stake from Polaris


VIENNA, Dec 22 (Reuters) - Austrian investor Cross Industries has agreed to buy a 20 percent stake in Austrian motorcycle maker KTM from KTM's U.S. co-owner Polaris Industries , KTM said on Friday. KTM said Polaris' stake in it would drop to less than 5 percent after the deal. Cross had announced earlier this year it had an option to buy the stake in October of next year and planned to use it. The purchase agreement now signed replaces this option, KTM said. There was no information on ...

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