We've been told since we were kids that three is a magic number. Will it work out that way for KTM, though?
The report from its restructuring administrator, Alpenländischer Kreditorenverband Europa (AKV), contains a number of important details.
While we've primarily been talking about KTM AG (the motorcycle manufacturer), they're one of three arms of the KTM Group that are currently going through insolvency proceedings in Austria. The other two are the R&D arm, KTM Forschungs & Entwicklungs GmbH, and the components arm, KTM Components GmbH.
Of these three arms, KTM AG is the largest, with the greatest amount of liabilities and the biggest number of employees who are affected by the company's good and bad fortunes. Together, the three groups have liabilities estimated to be around 2.9 billion Euros, owed to around 2,500 creditors (which AKV is still urging to come forward to join the case).
Of those 2.9 billion Euros in liabilities, KTM AG is responsible for approximately 2.7 billion of them. That should give you some idea of the scale involved.
By contrast, KTM Forschungs & Entwicklungs GmbH has outstanding liabilities of about 105 million Euros, and KTM Components lists around 80 million Euros in liabilities of its own. The two latter arms have fewer than half the number of employees that KTM AG does, as well.
Now that you have a better idea of the numbers KTM is dealing with, here's where potential investors come in.
