KTM Clears Restructuring Hurdle: Court Gives the Green Light

Kronen Zeitung

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One wanted to make sure, had consciously waited longer to give enough time to all possible objections – but in the end there was no veto! On Tuesday morning Pierer Mobility AG revealed: The restructuring plans of KTM are legally confirmed. Thus, the money soon flows to the creditors of the motorcycle manufacturer. In the past days, KTM creditors had repeatedly asked their representatives what the status quo of legal power looks like and when the…

chip.de

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Every two-wheeler will know the name KTM – and hardly anyone knows what the name means. The story of the three letters begins in a small locksmith's shop in Austria.

mainwelle.de

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The restructuring process of Europe's once largest motorcycle manufacturer KTM has been completed. The Landgericht Ried im Innkreis has confirmed the restructuring plans, said the parent company Pierer Mobility AG. The creditors received the agreed quota of 30 percent of the recognised claims. "Now our focus is on the ramp-up of production at the end of July and the realignment of the group," says Gottfried Neumeister, Managing Board of Pierer M…

nordbayern.de

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Mattighofen - The once largest motorcycle manufacturer in Europe seems to have the greatest after its crisis. Now the production is to be started up again and the company is to be reorganized.

der Standard DE

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The Ried Regional Court in the Innkreis confirmed the restructuring plans after the expiry of the two-week return period, Pierer Mobility informed