The struggle for the future of KTM remains a tremor. Because it turned out that the plans made by Pierer Mobility AG will not hold in this way, the agenda was seriously shortened three days before the extraordinary general meeting. Serious delivery: The motorcycle manufacturer now urgently needs a plan for setting up 150 million euros
On Tuesday evening shortly before 10 p.m., Pierer Mobility AG announced that the annual financial statements should remain a long time because the Sun -driven additional acceptance cannot yet be confirmed. This is in turn related to the fact that you could not do not do the financing obligations of the investors yet.
However, something else has followed much more for the struggle to save the KTM group. Because it was created in the current financing discussions that the Gottfried Neummeister and the Supervisory Board of the General Assembly cannot be carried out by the Board of Directors under the proposed conditions and within the given time frame, two points from the agenda were removed with the shareholders with shareholders with shareholders with the shareholders with the shareholders with the shareholders.
Two agenda -items are disappearing
During the extraordinary general meeting on Friday, the loan of 200 million euros from Bajaj cannot be coordinated in equity, nor can the shareholders give their blessings to be issued. Although the 200 million euros has at least flowed, the 150 million euros must now be set up for the edition of new shares, a plan B. has an urgent loan of 500 million euros through the promise of shares at KTM AG – as is known, the investors are underway.
Does Bajaj jump back in the infringement?
The Pierer Mobility AG, led by Gottfried Neummeister, now works intensively with majority owners Pierer Bajaj on a solution to set up the necessary sum. Does Bajaj jump back into the infringement and is he pumping even more money in society? By 23 May, around 600 million euros must be on the account of KTM-AG Semainition-Warter Peter Vogl so that he can transfer the 30 percent quota to the creditors and the costs for the renovation procedure of the three companies are covered.
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.
