KTM Factory Expected to Resume Operations in March

"There is a gradual handover of the operational leadership of the KTM Group," says insolvency administrator Peter Vogl in an interview with APA. But Pierer will only step back once the restructuring has been successful.

KTM Searching for Investors

On Thursday evening, it was announced that Pierer will only be co-CEO at both KTM AG and parent company Pierer Mobility, handing over the CEO chair to the current co-CEO Gottfried Neumeister. The targeted quota of 30 percent or more will only be achievable with the help of investors, Vogl expects. The investor search process initiated by the company has apparently gone well. 20 interested parties have reportedly registered. He could not say how many of them have made an offer or at what amount, but there are several. The decisive date will be February 25, when the creditors will vote on the restructuring quota.

(APA/Red)

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