You wanted to be on the safe side, deliberately waited longer to give all kinds of times enough time – but in the end there was no veto! Pierer Mobility AG was therefore betrayed on Tuesday morning: KTM’s renovation plans are confirmed by law. This will soon flow the money to the creditors of the motorcycle manufacturer.
In the past few days, KTM creditor had always asked their statements what the status quo of the legal force looks like and when they can calculate their money. They were put off until the end. Reason: The Regional Court in Ried IM Innkreis also wanted to admit foreign creditors sufficient time to take advantage of the professional period. In addition, where the task date at the post office applies to compliance with the deadline – and it is known that it sometimes takes longer …
But on Tuesday morning everything was ready – and Pierer Mobility AG was able to confirm that the renovation plans of KTM AG, KTM components GMBH and KTM Research & Development GmbH are final. The renovation process is therefore canceled.
The focus is now on the rise of production and repeat
“I am relieved and grateful that we have finally been able to close this difficult chapter. Now our focus is on the high -driven production of the production at the end of July and the recasting of the group,” says Gottfried Neummeister, CEO of Pier Mobility AG, KTM’s mother company. Neumister thanked Lawyer Ulla Reisch: “She is one of the best experts in the field of bankruptcy in our country and has not only led us through her expertise, but also through her tireless use through these three procedures.”
For the creditors of the motorcycle manufacturers, the certainty is that the rate of 30 percent will be paid by the renovation desks in the coming days. A total of 525 million euros will be transferred. By June 30, 2025 you have time to handle the transfers – the payment period ends.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
