on PIERER Mobility AG (isin : AT0000KTMI02)
Creditors Approve Restructuring Plan for KTM AG
On February 25, 2025, PIERER Mobility AG announced that creditors have accepted the restructuring plan for its subsidiary, KTM AG. Initially filed on November 29, 2024, the plan entails a cash quota of 30% payable by May 23, 2025. This requires KTM AG to deposit EUR 548 million with the restructuring administrator.
Furthermore, KTM AG has secured EUR 50 million in liquidity for production ramp-up in March 2025. This financial injection, supported by shareholders, aims to reinstate full capacity in a phased manner within three months. Court confirmation of the plan is expected in early June 2025, concluding the restructuring proceedings when legally binding.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all PIERER Mobility AG news