derstandard
KTM Restructuring Completed, Creditors Receive 30 Percent Quota
The Regional Court of Ried im Innkreis has confirmed the restructuring plans after the two-week appeal period has expired, Pierer Mobility announced.
2025-06-17 12:29:09
Business
Companies
KTM Completes Restructuring, Creditors to Receive 30% Compensation
KTM has successfully concluded its restructuring process, confirmed by the Regional Court of Ried im Innkreis. Creditors will receive 30% of their recognized claims, marking a significant step towards financial recovery.
The parent company, Pierer Mobility AG, is now poised to ramp up production by the end of July, following a major investment from Bajaj Auto International Holdings B.V. This strategic move has restored stability and offers hope for the approximately 3,000 employees in Mattighofen, Austria.
The restructuring not only solidifies KTM's future but also emphasizes a renewed focus on operational realignment.
The press radar on this topic:
zeit
Motor Sport Brand: Restructuring Course at KTM Confirmed - 30 Percent for Creditors
KTM has completed its restructuring process and creditors have received 30 percent of their claims. The Regional Court in Ried im Innkreis has confirmed the restructuring points. Parent company Pierer Mobility AG now plans to rebuild production by the end of July and reorient the group.
news_de
Automotive Manufacturing: Restructuring Course Confirmed at KTM - 30 Percent for Creditors
The restructuring process of KTM has been completed, the district court has confirmed the restructuring plans. The creditors will receive 30 percent of their recognized claims. The parent company Pierer Mobility AG is now planning to ramp up production at the end of July and realign the group.
heise online
KTM can resume production after the takeover by Bajaj | heise autos
The Ried im Innkreis District Court has confirmed the restructuring plans of Pierer Mobility AG, which means that the insolvency proceedings for KTM have been completed. Bajaj Auto International Holdings B.V. had rescued itself by acquiring the majority stake in KTM a few weeks ago, providing 600 million euros. KTM's production is scheduled to resume at the end of July, and the around 3,000 employees in Mattighofen, Austria, can hope for continued employment.
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