Pierer Industrie AG avoids insolvency, decision on KTM imminent

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On Tuesday, the creditors of insolvent KTM AG decide on the restructuring plans of the management and the restructuring manager. However, the fact that the domestic lead operation can resume its business is far from certain.

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Signs of Life as Pierer Industrie AG has Restructuring Plan Approved

Ahead of a crunch vote from creditors to outline whether it has a future, KTM has taken its first steps towards sustainability

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Pierer Industrie AG avoids insolvency, decision on KTM imminent

Pierer Industrie AG, which indirectly owns KTM, has avoided insolvency after undergoing restructuring.On Thursday, creditors voted on the European restructuring plan (ReO) of Pierer Industrie AG at the regional court of Wels, in Upper Austria. This was the first time that this procedure was applied in Austria under the restructuring directive, which came into force on 17 June 2021.In ...Keep reading

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Pierer Industrie AG get its restructuring plan approved

There has been a crucial court victory for Pierer Industrie AG ahead of a crucial KTM vote. The restructuring plan proposed by Pierer Industrie AG has been approved by creditors in Austria. This plan being accepted could be a crucial step towards KTM's survival ahead of a crucial vote. The Pierer Mobility Group had to enter self-administration last year in the midst of a financial crisis in an effort to avoid bankruptcy. It has been reported tha…

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The creditors accepted the restructuring plan of Pierer Industrie AG on Thursday in the Wels Regional Court. This was reported by creditors' representatives and the company itself following the hearing. This should also be the first step towards restructuring KTM AG, which is part of several levels.

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Pierer Industrie AG – parent company of KTM AG – presented the restructuring plan in accordance with EU law on Thursday. Creditors accepted it.