18 years after the Bajaj group has entered into a partnership with KTM, apparently beats the hour of the Indians. 200 million euros have already been made available for saving the motorcycle manufacturer that went bankrupt. When asked who is going on board as an investor, you are talking about a huge word.
The existing shareholders are offered shares at an issue price of 7.50 euros to take 150 million euros; Moreover, the Indian CO owner now makes even more money available with Bajaj than originally planned. The Rajiv Bajaj group has reserved 200 million euros for KTM, of which 150 million euros has already been transferred to promote the increase in production in Mattighofen.
In the struggle for liquidity for production you gave yourself a great air: the operation in motorcycle construction seems to be fully protected for April and also for May-Dit brings stability in the processes and creates confidence among suppliers.
Regardless of these two steps, the investors are still running. The donor that is still not defined – now standing must bring around 450 million euros to have a strong word in KTM in the future. It is not known how much and or Bajaj places something about the already known 200 million euros.
Who can be paid
Regardless of how you are standing for the increasing co -owner of the upper Austrians, it must be clear that KTM is not in the position to be picky. Instead, the following applies: whoever pays can. And with that Bajaj will also have a heavy word about who the remaining investors will change the race.
It remains calm about Stefan Pierer
You can only guess the future meaning of Stefan Pierer, which has been the extensive company of handy for more than 30 years. Although the influence of the Indian group, which has been a partner since 2007, is still growing, there are still no signs that the 68-year-old is financially charged for salvation. Pierer Mobility estimated the money requirement in the battle for the future on 25 February at 800 million euros.
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.
