New Beginning for KTM After Successful Restructuring

The Regional Court of Ried im Innkreis has confirmed their restructuring plans after the expiration of the two-week appeal period, according to a release from Pierer Mobility on Tuesday. Creditors will now receive the agreed quota of 30 percent of the recognized claims.

Restructuring Completed: KTM Creditors Receive 30 Percent

"Our focus is now on ramping up production at the end of July and realigning the group," writes Gottfried Neumeister, CEO of Pierer Mobility AG, in the release. He expressed "special thanks, recognition, and appreciation" to Ulla Reisch, who guided the affected companies "not only through her expertise but also through her tireless efforts through these three proceedings."

(APA/Red)

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