is KTM going to the gallows?

[p6x]

Here's a video from Moto.it which seems to have some good information on what happened after last Friday's meeting;

The KTM action which had felled down to 7 EUR is now back up, 18 EUR+ (at the time of the video)

One US Bank, Citi Group, is going to be supervising the proceeding and will inject 700 millions EUR into KTM A.G.

There is also the Indian group "Bajaj" which has interests in the group since Pierer Mobility AG is controled via Pierer Bajaj AG with 50.1% of the shares, and Bajaj Auto with 49.9%.

So Pierer Mobility AG controls KTM with 74.9%; the rest of the actions is floating in the market. You understand that is is a financial holding.

But is seems pretty certain that KTM will be saved, even if Pierer Mobility loses the control of the brand to Bajaj Auto.

 

 

[activpop]

https://youtu.be/Pj1JKZnhCxQ?feature=shared

[guzzler]

58 minutes ago, activpop said:

https://youtu.be/Pj1JKZnhCxQ?feature=shared

Interesting.....