Will Stefan Pierer join Rosenbauer or not? Ever since it became known that the firefighter from Leonding (Upper Austria) is planning a capital increase, the name of the KTM owner has been mentioned again and again. The creation of a company with Mark Mateschitz and companies from Raiffeisenlandesbank Oberösterreich are now fueling these rumors.
With an equity ratio falling below certain levels, Rosenbauer was forced to take action. In discussions with major lenders and promissory note creditors, the world’s largest fire service supplier was able to agree on a so-called multilateral refinancing agreement.
This not only stipulates that the company will not pay out dividends to its shareholders during the term of the agreement, but also that a capital increase will take place through the issuance of at least 3.4 million new shares. That brings money into the cash register.
Majority of Robau Beteiligungsverwaltung GmbH
Since this initial situation became known, one name has kept coming up: Stefan Pierer. The KTM owner acquired German cable giant and car supplier Leoni last year and is now apparently planning to join Rosenbauer. Pierer Industrie AG recently founded PiMa Beteiligungsverwaltung GmbH together with Mark Mateschitz Beteiligungs GmbH. PiMa Beteiligungsverwaltung GmbH in turn owns 66.67 percent of Robau Beteiligungsverwaltung GmbH, in which two companies of Raiffeisenlandesbank Oberösterreich (Raiffeisen Beteiligungsholding GmbH, Invest Unternehmens Beteiligungs AG) together own the remaining 33.33 percent, as is the “trend” in the next edition reports.
Red Herring?
Interesting: at Rosenbauer’s general meeting recently, a shareholder said he had spoken directly to Pierer about a planned entry and had turned him down. Is it all just a diversionary tactic? The fact is: the fire service supplier has not yet completed the capital increase, but an Austrian solution is being offered.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
