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Pierer Mobility shares halted after KTM restructuring plan approved

Published by Global Banking & Finance Review

Posted on February 25, 2025

1 min read

· Last updated: January 25, 2026

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Pierer Mobility Shares Suspended Following KTM Restructuring Approval

(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)

Key Takeaways

  • Pierer Mobility shares were halted after a 16.7% rise.
  • KTM AG's restructuring plan was approved by creditors.
  • Creditors to receive a 30% cash quota by May 23.
  • Citigroup hired to support an €800 million investment process.
  • KTM AG initiated court restructuring in November.

Frequently Asked Questions

What triggered the halt in trading for Pierer Mobility shares?
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.
What does the restructuring plan entail for KTM's creditors?
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.
How much additional financing is KTM seeking?
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.
When did KTM AG file for court restructuring proceedings?
KTM AG filed for court restructuring proceedings in November.

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