KTM AG, in the midst of a financial crisis, is approaching a critical deadline: on May 23, 2025, the company must deposit approximately €600 million, plus legal costs, into the account of the receiver Peter Vogl to honor a 30% repayment of its debts, validated in February 2025. Despite the tense situation, KTM is displaying cautious optimism, supported by negotiations with investors and its long-standing partner Bajaj Auto, according to Oberösterreichische Nachrichten and Speedweek.
Ten days before a decisive date, KTM AG must raise around 600 million euros to deposit with the judicial administrator Peter VoglThis money is essential to honor the commitment made in February before the court: to repay 30% of the debt to creditors as part of the restructuring plan.
KTM is focusing on two areas to raise the necessary funds. On the one hand, Bajaj, the group's historic Indian partner, is conducting advanced negotiations with the Canadian group BRP (owner of Can-Am and Ski-Doo) for a capital contribution estimated at 200 million euros. On the other hand, KTM is seeking US funds to finance the remaining debt. Names being discussed include BlackRock, Fortress, King Street et Oak hill.
« We are negotiating with a small group of interested investorsWe are confident that we can announce success within the next two weeks. ", said Hans Lang, spokesperson for KTM, in the newspaper Oberösterreichische Nachrichten.
"KTM wouldn't do this if it didn't want to continue."
In parallel, KTM prepares organizational changes. Lukas Lauda, eldest son of Niki Lauda, could join the company as assistant to the CEO Gottfried NeumeisterHe has recently been spotted at several events, including MotoGP and motocross.
Le social climate remains under control. An internal partial unemployment agreement has been signed in order to preserve some 3 jobsA strong signal, according to the chairman of the works council. Friedrich Baumgartner : " The company wouldn't do this if it didn't want to continue. We receive positive signals from the restructuring manager »
KTM is entering a decisive week. If the negotiations are successful, the Austrian brand will be able to start again on solid foundations with the support of Bajaj and new investorsAn outcome eagerly awaited by the industry and employees. If the funds are raised as planned, the Austrian brand will be able to breathe a sigh of relief... and turn its attention to a strategic relaunch.
