Everything is strictly secret and well known, the motto for negotiations with potential investors who are supposed to finance the rescue of motorcycle manufacturer KTM has gone bankrupt. They still say something: Stephan Zöchling. The Remus boss offered himself to get into a donor.
“I know the industry, I know the mechanisms, know the KTM company very well because we are a supplier and, when Remus supplies products and aftermarket products”-that was one of the sentences with which Stephan Zöchling was the shareholders on January 27 Pierer Mobility AG presented him, who later also chose him for the supervisory board. In the afternoon it was clear: Zöchling, the boss of exhaust manufacturer Remus, at the Erne Company in Vorarlberg and also a logistics center in Vienna, is even a head of the board of directors.
“As a new chairman of the Supervisory Board, I would like to take the responsibility to actively shape the process to restore the Pierer mobility group,” he said afterwards, “I firmly believe in the power of the KTM brand to inspire motorcycle fans worldwide “.
“I earned a little money with the Sberbank”
Before the vote on 25 February about the renovation plan at KTM AG, KTM components GMBH and KTM Research & Development GmbH, it is becoming increasingly clear that Zöchling could possibly even play a more important role in the motorcycle manufacturer in the future. In any case, the Viennese confirmed the magazine “Trend” that he was subject to the sales process of Citibank, which was committed by Pierer Mobility AG. How much is he ready to invest? He is silent about this, also for the reasons for the fair, as he emphasizes: “But I have earned a little money with the Sberbank that I wanted to reinvest.”
Transferred millions?
When it became clear that Zöchling tasks took over from Pierer Industrie AG and Pierer Mobility AG, speculation was speculated by an investment by the entrepreneur of the company in Mattighofen. Zöchling has apparently already transferred millions to the provision of liquidity in the course of the renovation process. Some also consider it possible that he can play a more important role in the future, together with the previous Pierer partner Bajaj. At the same time, more and more indicates that Stefan Pierer will withdraw after the renovation of KTM or at least plays a considerably less influential role.
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.
