PIERER Mobility AG
June 17 Update
The Regional Court of Ried im Innkreis has confirmed the restructuring plans for KTM AG, KTM Components GmbH, and KTM Forschungs & Entwicklungs GmbH, following the expiration of the two-week appeal period.
This means that the restructuring proceedings for the three KTM companies have been successfully completed and concluded. The respective restructuring administrators will transfer the agreed quota of 30% of the recognised claims to the creditors.
Gottfried Neumeister – CEO of PIERER Mobility AG
“I am relieved and grateful that we have finally been able to close this difficult chapter. Our focus is now on ramping up production at the end of July and realigning the group. I would like to take this opportunity to express my special thanks, recognition, and appreciation to Dr. Ulla Reisch, one of the best insolvency law experts in our country, who guided us through these three proceedings not only with her expertise but also with her tireless commitment.”
