US EditionBrad Binder's Verdict on KTM's Major Investment Announcement
- KTM announced a major investment by Indian firm Bajaj Auto on Thursday, marking a key moment in the company's restructuring process.
- This investment follows KTM's financial struggles in 2024, including entering self-administration due to massive debts and a 30% revenue decline last year.
- Despite challenges, KTM's motorsports division remained mostly unaffected, with rider Brad Binder calling the investment 'super-important' ahead of the British MotoGP at Silverstone.
- Bajaj has extended loans totaling €566 million to support KTM and its holding company, Pierer Mobility, in which it currently owns a 49.9% share, while the Austrian insolvency court is set to issue its final decision in early June.
- The funding completed KTM's restructuring and may stabilize the company, though it is unclear if this investment signals a true turnaround or only extends KTM's financial uncertainty.
18 Articles
18 Articles
The traditional motorcycle manufacturer KTM from Upper Austria has been rescued from the bankruptcy, got the curve. The Indian co-owner takes over the company majority and grants a 450 million euro loan.
The Austrian manufacturer KTM imposes a debt burden of two billion euros. The company is going into bankruptcy, there is a threat of sell-out. An Indian holding company increases its shares and takes over the majority of the company, just before a decisive deadline.
Die Presse
www.kleinezeitung.atWith a loan of the Indian co-owner Bajaj Auto International over 450 million euros and grants from Mother Pierer Mobility, the bankruptcy of the motorcycle manufacturer can be averted. Stefan Pierer leaves the board of directors of Pierer Mobility.
der Standard AT
der Standard DEStefan Pierer's motorcycle forge is now in the hands of the Indian partner. His legacy goes back to Gandhi
The insolvent motorcycle manufacturer KTM has been rescued. Co-owner Bajaj has provided the necessary funds to pay the share to the creditors of KTM AG and its subsidiaries KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH. This afternoon, insolvency administrator Peter Vogl announced that the money had been paid – just before the deadline, which was due to run until midnight on Friday.
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