Debt Woes at Motorbike Maker KTM Reach Owner Pierer Industrie
Austrian conglomerate Pierer Industrie AG is seeking to extend the maturity of almost €250 million ($263 million) in debt as a consequence of financial strains at its KTM motorcycle unit.
Motorcycle manufacturer KTM has been struggling with a post-pandemic slump in sales - leaving it with no choice but to restructure its debt.
Now its woes are impacting one of its co-owners - Austrian businessman Stefan Pierer's eponymous holding company.
www.bloomberg.com/news/article...
26.11.2024 08:09 — 👍 1 🔁 0 💬 0 📌 0
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