on PIERER Mobility AG (isin : AT0000KTMI02)
PIERER Mobility AG Secures Funds for KTM Production Resumption
PIERER Mobility AG announced the securing of an additional EUR 50 million to restart KTM's production, which resumed on March 17, 2025. This announcement contradicts media claims by a major Austrian bank regarding funds allegedly required from comfort letters issued by PIERER Mobility AG. The company clarified it bears no financial responsibility towards the credit institution under these letters and denies creditors' money being misappropriated.
On February 25, 2025, KTM AG creditors approved a 30% restructuring plan quota. The investor process to finance this and other operations continues, with a cash quota of EUR 600 million due by May 23, 2025.
R. H.
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