600 million euros for the quota to the creditors and for the procedural costs, plus the increase in production – KTM speaks of around 800 million euros in money requirements in the fight for the future. The motorcycle manufacturer announced on Friday morning how he at least wants to finance part of it.
On Tuesday morning, Pierer Mobility AG announced that the 50 million euros needed to continue the production of production in Mattighofen, already received from KTM. This also meant that for days around the motorcycle manufacturer.
Three days later the Mattighofeners make a name for themselves again. The company announced on Friday morning how part of the required funds will be set. On the one hand you want to spend shares at EUR 7.50 and take 150 million euros.
Bajaj has already transferred the next 50 million euros
On the other hand, the Indian Pierer partner Bajaj is even more generous than planned. If there was always about Bajaj 150 million euros to increase production, it is now clear that even 200 million euros is reserved for KTM. In the struggle for liquidity for the speed of production, you have a lot of air here: the 50 million euros needed for April were only transferred at the last minute and therefore on Monday the next 50 million euros were already in the account on Thursday.
Regardless of these two steps, the investors process is still active, for which Pierer Mobility had brought the renowned Citibank on board. The donor that is still not defined must have at least 450 million euros to have a strong word in KTM in the future. How much and or Bajaj will add something about the already known 200 million euros.
Quote must be transferred until May 23
KTM was bankrupt on November 29, 2024. The obligations ultimately amounted to 2.23 billion euros. On 25 February there was the permission of the creditors of the renovation plan, which provides for a rate of 30 percent. The money must be withdrawn from the trustee of the renovation Recent Peter Vogl until 23 May.
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.
