Future of KTM: 20 offers for the insolvent motorcycle manufacturer!
Future of KTM: 20 offers for the insolvent motorcycle manufacturer!
Mattighofen, Österreich - Stefan Zöchling, the new supervisory board head of Pierer Mobility, made an offer as an investor for the insolvent motorcycle manufacturer KTM. "The money comes from me and none other," emphasized Zöchling and explained that he had "earned a little money" with the Sberbank, which he now wants to reinvest. As part of the KTM renovation process, Zöchling, as a co-owner of the exhaust manufacturer Remus, took over the remaining assets of the European subsidiary of the Russian Sberbank. According to vienna.at there could be around 20 offers, which indicates lively interest to KTM.
investor poker around KTM
The Indian KTM partner Bajaj as well as the CF Moto from China and the Hong Kong company Fountainvest are alsoamong the potential investors. In addition, the US hedge fund WhiteBox, which is actively trying to buy banks during the insolvency proceedings, could be in the race. This hedge fund has already announced that it wants to resist the renovation plan, as from a report on . In order to achieve the desired quota of 30 percent or more, KTM needs at least 600 million euros, which is difficult to realize without strong investors.
The renovation recent Peter Vogl has made it clear that more details will not be announced on February 25th if the creditors vote on the renovation plan. The work in Mattighofen (Braunau district) is still quiet and is scheduled to start again on March 17th. The coming weeks could be decisive for the future of the company, since the negotiations between investors are in full swing.
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| Ort | Mattighofen, Österreich |
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