Deadline Extended for Pierer and Mateschitz Investment in Rosenbauer

Austrian Business Giants Eye Stake in Firefighting Equipment Maker Rosenbauer

Leonding, Austria ⁢- A consortium led by KTM founder Stefan Pierer, Red Bull heir Mark Mateschitz, adn Raiffeisen Oberösterreich has secured an ⁣extension to ⁢finalize its investment in Rosenbauer, the Austrian firefighting equipment manufacturer. ‍The deadline for the deal, initially set for this year, has been pushed to February 28, 2025.

The consortium,known as robau,aims to acquire a majority stake in Rosenbauer,with plans to hold⁤ 50.1% of the company’s ‍shares. This move comes as Rosenbauer seeks to bolster its financial standing, currently facing a low equity ratio of 14%.

“The transaction is ⁢under control,” Rosenbauer⁣ CEO Sebastian Wolf recently ⁤assured local media. A spokesperson for Pierer echoed this sentiment, stating that the process is progressing as planned.

The deal involves a thorough refinancing plan for Rosenbauer, extending ⁢to November 3, 2025. Rosenbauer has already secured agreements‍ with key creditors and bondholders, including Pierer, Mateschitz, and Raiffeisen⁣ Oberösterreich,⁤ paving the way⁣ for the extended deadline.

Under the terms of the agreement, Robau will purchase 25.15% of Rosenbauer ‍shares from the Rosenbauer Beteiligungsverwaltung GmbH (BVG), which currently holds a 51% stake. Additionally, Robau has committed to purchasing 3.4 million new shares through a capital increase, priced at €35 per share.

Should the transaction be successful, Robau intends to restructure Rosenbauer’s supervisory board. Proposed ‍members include Pierer, Mateschitz, Friedrich Roithner, and⁢ Gernot Hofer, with Stefan⁣ Wagner retaining his seat.

this investment comes at a time when Pierer is navigating the aftermath of recent ⁤financial difficulties within his KTM group of companies. while‍ Pierer has stepped down from⁢ his active role as president of the Austrian Industrial Association (IV) in Upper ⁣Austria, he⁣ remains a prominent figure in the country’s business landscape.

Firefighting⁢ Giant Rosenbauer Gets Lifeline from Austrian Business Titans

Leonding, Austria – Iconic Austrian brands KTM and Red Bull are ⁣stepping into the world of firefighting, leading a consortium aiming to rescue struggling⁢ equipment⁣ manufacturer Rosenbauer. ⁤ The investor ⁤group, known as robau, includes⁤ KTM founder Stefan Pierer, Red Bull heir Mark Mateschitz, and Raiffeisen Oberösterreich.⁣ They’ve secured an ⁤extension until February 28, 2025,⁣ to finalize the acquisition⁣ of a majority stake in the company.

This move comes ⁣as ⁣Rosenbauer, facing a precarious financial⁢ situation with a low equity ratio, seeks a strategic lifeline. The consortium plans to acquire 50.1% of Rosenbauer’s shares through a two-pronged approach: purchasing 25.15% from Rosenbauer Beteiligungsverwaltung GmbH (BVG), the⁣ current majority shareholder, and subscribing to 3.4 million new shares issued through a capital increase priced at €35 per share.

Both Rosenbauer CEO⁤ Sebastian Wolf and consortium spokesperson ‍Pierer have reassured the public that the deal is progressing smoothly. A refinancing plan for⁤ Rosenbauer, extending to November 3, 2025, has already been secured with key⁣ creditors and bondholders, including the consortium members.

Robau ⁢plans a shakeup of rosenbauer’s supervisory board, proposing Pierer, Mateschitz, Friedrich Roithner, and Gernot Hofer as new members, while Stefan Wagner ⁢retains his seat.

This⁤ investment comes at ‍a time when Pierer is navigating⁣ financial challenges within his KTM group. He recently ⁤stepped down as ⁣president of the Austrian Industrial Association (IV) in Upper Austria, but remains a notable figure in the‍ Austrian business world.