PIERER Mobility AG is set to meet a major financial milestone in its ongoing restructuring efforts, with reports indicating that the necessary funding—approximately EUR 600 million—will be supported by Indian manufacturing giant Bajaj.
The financing will allow KTM AG, KTM Components GmbH, and KTM Forschungs & Entwicklungs GmbH to fulfill their approved restructuring plans on time, with creditors having agreed to a 30% quota payable by May 23, 2025.
PIERER Mobility AG and KTM AG have secured financing commitments, subject to final agreements, that will ensure these payments are made as scheduled.
You can read the official press release below:
- Restructuring plans of KTM AG, KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH can be fulfilled on time
As announced, the creditors of KTM AG, KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH approved a restructuring plan quota of 30% on February 25, 2025, payable by May 23, 2025. The total amount required to finance the quota under the three restructuring plans amounts to approx. EUR 600 million.
PIERER Mobility AG and KTM AG have received financing commitments, subject to the execution of the requisite agreements, which will ensure that the quota payments to fulfill the restructuring plans of KTM AG, KTM Components GmbH and KTM Forschungs- & Entwicklungs GmbH can be fulfilled on time by May 23, 2025.
