The Causa KTM is heading to another front: Stefan Pierer, co-board member of KTM-Mother Pierer Mobility, and Stephan Zöchling, chairman of the Pierer Mobility Supervisory Board, argue for more than 60 million euros and pledged stocks from Pierer. The OÖNachrichten has already reported that the two of them overturned after Zöchling was ordered to be the supervisory board head in January. Now the matter gets a judicial dimension.
- Read too: Stephan Zöchling: The investor with the Russia network mixes with KTM
- KTM: Money syringe from India, poison arrows in Austria
The facts are as follows: Zöchling had financially helped Pierer at the end of 2024 by providing money to the Pierer Group company, which Stefan Pierer is and is the owner of Pierer Industrie AG. So far there was talk of 65 million euros. Other sources speak of 78 million euros. In any case, Pierer needed the money to reverse a internal transaction that had taken place shortly before the KTM bankruptcy. KTM AG returned the 49 percent preserved at Pierer Immoreal GmbH and got 35 million euros, which was important for the continuation in the renovation process.
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Image: Gerry Frank Photography
Source: Nachrichten
