Decision at KTM: Refurbishment plan was accepted

At 1:48 p.m. finally the great relief for creditors and especially the 3000 employees of the insolvent KTM companies: the creditors accepted the redevelopment plan of KTM AG in today’s renovation plan day statute, the listed company said in an ad hoc message. The cash quota is 30 percent – 548 million euros – payable by May 23, 2025. This is a week earlier than the last communicated.

The court will confirm the renovation plan in early June 2025, and after the legal force entered the renovation process of KTM AG.

Full utilization should be reached by mid -June

“The extended shareholder group” provides the financial resources to raise production as announced from mid -March, according to the message. That is 50 million euros. This is also a commitment to the co -owner Bajaj and is interpreted as a courtesy towards the banks that bear the main load of open demands. This is also the first tranche of the 150 million euros required for the continuation. These first 50 million were already received in a trust account of the renovation recipient Peter Vogl yesterday. The planned full utilization of the four production lines in laying operations should be achieved within three months.

Pierer Mobility Shares with a course jump

The shares of the KTM mother Pierer Mobility were able to expand their clear daily profits on Tuesday afternoon. After the mountain and descent of the past trading days, the titles were now 7.07 percent higher at EUR 24.00 shortly after 2 p.m. At noon the course plan had already been eleven percent.

Tension since the morning

Until 1.30pm, the coordination or the voting count was still in progress, and no details of the courtroom penetrated the outside. The judge, it was said, wanted to make everything very thorough. Since it is an extensive procedure and there is a lot of money and thousands of jobs, everything must be very precise and meet the formal regulations.

The interest of the creditor representatives and journalists was enormous in Ried, where the motorcycle manufacturer was concerned with everything on Tuesday: continuation or bankruptcy with destruction. KTM boss Gottfried Neumeister and his co-board member Stefan Pierer were also present.

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