Ebusco to receive €12m shareholder funding after delaying salaries
Ebusco will receive €12 million from existing shareholders after financial problems led it to delay October salary payments. The Dutch bus maker says the funding will support its cash position and ongoing operations.
Review information is loading.
Dutch electric bus maker Ebusco is to receive €12 million from existing shareholders after acute financial problems forced it to delay October salary payments. The company says the funding will help stabilise its cash position and continue operations.
Ebusco said the investors had committed to buying 240 million new ordinary shares at an issue price of €0.05 each. The company had warned last month of “substantial uncertainty about its continuity” without prompt additional financing.
The Deurne-based manufacturer has 230 employees. It has faced financial pressure after orders were cancelled and deliveries delayed.
Sign in to give this article a thumbs up or down.
About this discussion and AI questions
Private test discussion. Comments are readers’ views and are not yet automatically fact-checked. Editing is available for 60 seconds after posting.
Sign in with a confirmed reader account and choose a username to read comments and participate.
Sorting applies to top-level comments; replies remain oldest first. New comments and likes can change the order. Refresh for the current ranking.
Loading comments…