US EditionCapital increase for KTM rescue is postponed for the time being – The Observatorial
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In the extraordinary general meeting of Pierer Mobility, mother of the insolvent motorcycle manufacturer KTM, new money was to be set up on Friday morning. The reason for bringing shareholders together was that half of the share capital was lost due to high losses in the financial year 2024. In order to be able to fulfil the restructuring plan for KTM with a 30 percent cash ratio on 23 May, a capital increase of EUR 350 million is necessary.
An extraordinary general meeting was planned on 25 April 2025, at which a capital increase of a total of 350 million euros (around 375 million US dollars) was to be decided. This was to be divided into a cash capital increase of 150 million euros (about 161 million US dollars) and a real capital increase of 200 million euros (about 214 million US dollars). However, both measures were removed from the agenda in the short term. Financing process c…
Capital increase for KTM rescue is postponed for the time being – The Observatorial
At the KTM-Mutter Pierer Mobility it comes in the context of the planned renovation to Delays. At an extraordinary general meeting next Friday there should be a capital increase with cash and property capital. However, these points had to be deleted from the agenda, since the capital measures “cannot be implemented under the proposed conditions […]
The capital increase for the rescue of the insolvent motorcycle manufacturer KTM based in Mattighofen was postponed for the time being.
MATTIGHOFEN / WELS. The KTM mother Pierer Mobility will not decide on Friday the necessary capital increase of more than 150 million euros.
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