Since 25 February it is clear how expensive KTM the renovation is and therefore also how much money is transferred to the creditors. But: it is still open to those who will pay for the large part with which the quota must be operated. How is it possible to set up the 600 million euros? There is still a lot of speculation, there is nothing official.
During the extraordinary general meeting in Munderfing in Upper Austria, shareholders recently indicated that shares at KTM AG can be promised in the equivalent of a maximum of 500 million euros. This promotion is intended to cover most of the costs for the 30 percent rate for the creditors. 548 million euros must be received in the account of KTM-AG-Sanatorungwalter Peter Vogl only for the quota and therefore for reimbursing the debt until 23 May. Moreover, there are the procedural costs that must be paid.
The renovation process was opened at the end of November
But: who is the investor who accepts KTM AG shares as security and makes 500 million euros jump? More than five months after the insolvency procedure was opened and less than three weeks before the payment day can still be surprised.
It is clear that CO owner Bajaj will play a crucial role, because it is thanks to the Indians that the operation has continued in recent months. Remus -Baas Stephan Zöchling could also have an opinion. He also helped with tens of millions in a difficult phase with his company. Recently a wrap with KTM-MEDE owner Stefan Pierer broke out about the repayment of the money because, according to Zöchling, no deadline was met. Time and again the Canadian BRP group is also brought into conversation, it is also said that various American funds have made offers.
“Negotiations in the finalis phase”
Pierer Mobility and KTM-AG CEO Gottfried Neummeister have already referred to the confidentiality that the potential investors are guaranteed for the negotiation process. A few days ago, a press release showed that “you are in the training phase of negotiations with your own and debt investors”.
“It can just be better negotiated if you are still covered – that is professional,” says Florian Beckermann of the Interest Association for Investors, IVA, in short, based in Vienna. He does not want to evaluate that no facts have been created after months of negotiations: “If there is a deadline, you can benefit until the last day.”
“Maybe the price is better if I wait longer”
Beckermann considers it possible that investors deliberately take the time with a “yes”: “It can be logical to be logical to wait and see: maybe the price will be better if I wait longer – maybe even after 23 May.” Nache: “But there is also a risk that other investors will take the race because you hesitate yourself.”
In any case, the tension in the face of the closer payment day grows. Nobody can remember what happens if KTM fails to set the money.
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.
