KTM, Pierer Mobility

Pierer Mobility shares halted after KTM restructuring plan approved
Shares in Pierer Mobility AG were halted from trading on Tuesday after being seen up 16.7% in response to the reorganization plan for the company's subsidiary KTM AG being accepted by creditors.
EQS-News: PIERER Mobility: Back on track - KTM AG reorganization plan accepted by creditors
KTM AG, a wholly owned subsidiary of PIERER Mobility AG, filed for court restructuring proceedings with self-administration on November 29, 2024. The aim of the proceedings was to agree a restructuring plan with the creditors within 90 days.
548m euro KTM Creditor Plan Accepted: This is When Production Will Ramp up Again
To help kick start production, KTM is stated to be receiving a sum of 50 million euros from what the press release calls an “extended circle of shareholders”. The companies within that “extended circle” are not named, although CFMoto, Bajaj, FountainVest, and more recently BMW, have all been mentioned as lining up to invest.
PIERER Mobility: Back on Track - KTM AG Reorganization Plan Accepted by Creditors
Cash Quota of 30%, Payable by May 23, 2025 Further Fresh Capital of Around EUR 800 Million Required Production Will be Ramped up Again From Mid-March 2025 WELS, Austria - February 25, 2025 (NEWMEDIAWIRE) - KTM AG,
EQS-Adhoc: PIERER Mobility AG: Restructuring plan of KTM AG accepted by creditors
KTM AG, a wholly owned subsidiary of PIERER Mobility AG, applied for court restructuring proceedings with self-administration on November 29, 2024. The aim of the proceedings was to agree on a restructuring plan with the creditors within 90 days.
KTM Avoids Bankruptcy and Alleged BMW Takeover With Restructuring Plan
KTM owes nearly $2 billion, which isn’t something creditors are just going to forget about because of restructuring. To keep them happy, the Austrian bike maker needs to pay 30% of its outstanding claims in one lump sum of $575 million by May 23,
KTM's creditors approve restructuring plan as company's future is secured
Positive news for KTM ahead of start of the new MotoGP season in Thailand as creditors agree to the 30% cash quota
Motorbike Maker KTM’s Lenders Take 70% Hit in Restructuring
Creditors of Austrian motorcycle maker KTM AG have approved a restructuring plan that will write off 70% of what they’re owed ...
Bajaj-backed KTM’s creditors take 70% cut in debt recast
The plan involves additional financing from expanded shareholders, despite opposition from US hedge fund Whitebox Advisors.
Crash1d
Crunch verdict arrives for major creditors vote to decide KTM survival
With debts at over €2 billion, KTM’s restructuring plan vowed to pay back 30% to creditors - initially within two years, but ...
Bajaj Auto’s Investment in KTM’s Parent Firm: A Takeover in the Making?
BAIH BV currently holds a 49.9% stake in Pierer Bajaj AG (PBAG), which in turn owns 74.94% of PMAG, the parent company of KTM ...
ZigWheels14h
GOOD NEWS! KTM Lives To Fight Another Day
KTM’s future is finally looking positive as creditors accept the brand’s restructuring plan to mitigate the debt woes ...
KTM bankruptcy: Bajaj Auto provides €50 million loan to Pierer Bajaj AG
Bajaj Auto Limited announced yesterday that its wholly owned Dutch subsidiary, Bajaj Auto International Holdings BV (BAIH BV) ...
The Financial Express1d
Bajaj likely to invest Rs. 1,360 crore in KTM — But BMW rumours emerge
Bajaj is likely to invest funds in KTM but rumours also speculate saying BMW is in the process of buying out KTM.