German air-taxi maker Lilium hires KPMG to explore M&A options

Lilium NV

05/11/2024 10:27

Nov 5 (Reuters) - German air-taxi maker Lilium  5KD.F ,
which is set to file for insolvency after running into a cash
crisis, said on Tuesday it had hired consultancy KPMG to explore
merger and acquisition options.
    The move to explore options comes after a court granted
Lilium's application for self administration, the company said.

 (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by
Shounak Dasgupta)
 ((Email: Abhijith.G@thomsonreuters.com; Mobile:
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