The rumors are true, guys. KTM has been saved, says mum or dad firm Pierer Mobility AG. Or no less than, it is raised the cash it must efficiently undergo with KTM restructuring.
In an advert hoc investor announcement dated Wednesday, Could 20, 2025, the mum or dad firm states that “Pierer Mobility AG and KTM AG have obtained financing commitments topic to the execution of the requisite agreements, which can be certain that the quota funds to meet the restructuring plans of KTM AG, KTM Parts GmbH and KTM Forschungs & Entwicklungs GmbH may be fulfilled on time by Could 23, 2025.”
Elsewhere within the announcement, it additional notes the quantity in query is roughly 600 million Euros, as we have beforehand reported. However the place did the cash come from? As we famous in a report yesterday, mega KTM investor Bajaj Auto took out a pretty big mortgage at a reasonably coincidental time to meet this last-minute save.
Very similar to Pierer Mobility AG, Bajaj Auto can also be a publicly traded firm. As such, it has sure authorized necessities for disclosures.
In a single such disclosure, from Could 19, 2025, and relatively charmingly referred to with the official title of “Hearsay Verification,” the corporate famous that this discover is “close to varied media stories revealed within the mainstream media on 18/19 Could 2025,” and went on to state that “mentioned stories relate to our offshore wholly owned subsidiary securing a Euro 566 million mortgage from offshore lenders and speculating that the identical is for the aim of funding the restructuring of KTM AG.”
It then goes on to state the next:
“On this regard, we wish to make clear that our wholly owned subsidiary, Bajaj Auto Worldwide Holdings BV, Netherlands (“Bajaj Auto BV”), is in negotiations and exploring varied alternate options to take part within the restructuring of KTM AG, pursuant to a plan accepted by its collectors. Involvement by Bajaj Auto BV within the restructuring in addition to preparations on this behalf are being finalized and the Firm will make needed disclosures on the applicable time in accordance with Regulation 30 of the Itemizing Rules.”
The discover is addressed to the BSE, the Nationwide Inventory Trade of India, and is signed by Rajiv Gandhi, Bajaj’s firm secretary and compliance officer. So, whereas there may be loads of mysteries and conversations going down behind closed doorways, because of monetary disclosure necessities, these aren’t a few of these.
It nonetheless stays to be seen what occurs on Could 23, 2025, however it does appear a bit like a foregone conclusion at this level. As at all times, we’ll make sure to preserve you knowledgeable on future developments on this story at RideApart.
