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Future of KTM and Pierer Industrie AG on the Brink
The coming days could be decisive for the renowned Austrian motorcycle manufacturer KTM and its parent company, Pierer Industrie AG. While KTM wants to secure its future with a comprehensive restructuring plan, Pierer Industrie AG faces a groundbreaking creditor decision as part of a restructuring procedure applied for the first time in Austria. In addition, geopolitical factors and global economic developments play a key role in the continued existence of the Group.
KTM and its parent company, Pierer Industrie AG, will face crucial decisions in the coming days to determine the company's future direction and stability. / Picture: © Wikimedia Commons; KTM AG, CC BY-SA 4.0 DEED (https://creativecommons.org/licenses/by-sa/4.0/deed.en)
The creditors of Pierer Industrie AG are voting on a restructuring plan at the regional court in Wels, which should enable the company to stabilize itself financially. The plan provides for promissory note loans and bonds to be repaid in full, but at a later date. The liquidity gained is intended to help secure the continued existence of the Group.
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