PIERER Mobility AG / KTM
April 1, 2025 replace
KTM AG has already secured one other EUR 50 million to finance the ramp-up of the manufacturing.
As deliberate, the manufacturing resumed on March 17, 2025.
As reported by some media, a credit score establishment has known as an quantity of round EUR 65 million from consolation letters issued by PIERER Mobility AG for the KTM Group and demanded cost of this quantity.
Underneath the consolation letters, the corporate has no obligation to supply funds for the good thing about the credit score establishment and firmly rejects the alleged claims. The allegation that cash is being abstracted from collectors is wrong.
On February 25, 2025, the collectors of KTM AG authorized a restructuring plan quota of 30%.
The investor course of to finance this restructuring plan quota and the additional working enterprise of KTM Group continues.
The money quota, together with procedural prices, of roughly EUR 600 million have to be paid to the restructuring administrator by Could 23, 2025.
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