1 week ago
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Rumour: Bajaj could aquire a controlling involvement successful KTM AG
It is nary concealed that KTM AG is struggling with its financials! From being successful a precise assured presumption past year, acquiring caller brands similar MV Agusta successful the institution portfolio that already included the likes of KTM, Husqvarna and GasGas - the institution has reported heavy losses this twelvemonth and presently going done layoffs, adjacent astatine the committee level.
Now a caller property merchandise titled "PIERER Mobility AG: Far-reaching restructuring and further liquidity request astatine KTM AG" released by the marque hints astatine talks ongoing with Bajaj to infuse currency into the institution successful speech for a controlling stake. The property connection was released arsenic an "adhoc announcement" pursuing the accustomed property merchandise of their Q3 financials - which amusement the gravity of the situation.
Quote:
"The Executive Board is presently moving connected securing the financing of KTM AG, successful peculiar connected a span financing successful the three-digit cardinal range."
The study calls retired Far-reaching restructuring indispensable astatine KTM AG level.
Quote:
"To this end, discussions are ongoing some with the halfway shareholder Pierer Bajaj AG and with existing fiscal creditors. The purpose is to hold a standstill statement with the fiscal creditors progressive for the duration of these discussions arsenic ground for the fiscal restructuring."
The Bajaj – KTM concern began successful 2007 erstwhile Bajaj Auto International Holdings BV (BAIHBV) picked up a 14.5% involvement successful KTM Power Sports AG and subsequently launched the marque successful India. BAIHBV gradually accrued its involvement to 48%. In 2021, the shareholding was simplified erstwhile BAIHBV swapped 46.5% of its holding to summation a 49.9% involvement successful PTW Holding AG (the KTM group’s genitor company).
Any further currency infusion from Bajaj would astir apt beryllium successful speech of having a controlling involvement successful the company.
Last edited by CrAzY dRiVeR : 15th November 2024 astatine 07:36.
