KTM receives another 50 million euros – Diepresse.com
Pierer Mobiliy AG speaks of « additional means to resume the production of the KTM ». In order to ensure the company in April and May, a total of 100 million euros are required.
The next financial injection of 50 million euros for ensuring production at the motorcycle manufacturer KTM It is made in Mattighofen (Braunau district). The Pierer Mobiliy AG announced on Tuesday morning in a broadcast that « additional funds for resuming the production of the KTM were secured ». In order to ensure the company in April and May, a total of 100 million euros are required.
On March 17th, the production was brought back to the KTM bankruptcy after almost three months of standstill. The Indian co -owner had to do this Bajaj transferred 50 million euros in a first tranche. A further 100 million euros were then required by the end of March, half of it has now flowed. For the second partial amount, no information was given in the sending.
« The investor process to finance the renovation plan rate and the operational company of the KTM group continues unabated, » it said. The 30 percent barquote to the creditors of almost 600 million euros can be succumbed to the renovation recent until May 23. (APA)
