Finance
Pierer Mobility shares halted after KTM restructuring plan approved
Published by Global Banking & Finance Review®
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
Pierer Mobility shares rose 16.7% after KTM's restructuring plan approval, promising creditors a 30% cash quota. Citigroup aids in securing €800 million investment.
(Reuters) - 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.
The restructuring plan provides for the motorcycle company's creditors to receive a cash quota of 30% of their claims, to be paid by the company to the restructuring administrator by May 23.
The group has hired Citigroup to support the investment process for an additional 800 million euros ($840.40 million) required to finance the cash quota and further production.
KTM AG filed for court restructuring proceedings in November.
($1 = 0.9519 euros)
(Reporting by Bernadette Hogg, Editing by Friederike Heine)
Shares in Pierer Mobility AG were halted from trading after a 16.7% increase in response to the acceptance of the restructuring plan for KTM AG.
The restructuring plan provides for KTM's creditors to receive a cash quota of 30% of their claims, to be paid by the company to the restructuring administrator by May 23.
KTM has hired Citigroup to support the investment process for an additional 800 million euros, which is approximately $840.40 million, needed to finance the cash quota and further production.
KTM AG filed for court restructuring proceedings in November.
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