Brief: PIERER Mobility: KTM AG Prepares Application For Judicial Restructuring Proceedings With Self-Administration

Bajaj Mobility AG

26/11/2024 13:02

Nov 26 (Reuters) - PIERER MOBILITY AG  PKTM.VI :
    * KTM AG PREPARES APPLICATION FOR JUDICIAL RESTRUCTURING
PROCEEDINGS WITH SELF-ADMINISTRATION
    * KTM AG TO APPLY FOR JUDICIAL RESTRUCTURING PROCEEDINGS
    * KTM AG FINANCING REQUIREMENTS IN HIGH THREE-DIGIT MILLION
FIGURE
    * THIS WILL RESULT IN A REDUCTION IN OPERATING PERFORMANCE
AT
AUSTRIAN SITES TOTALLING OVER EUR 1 BILLION IN YEARS 2025 AND
2026
    * AIM OF PROCEEDINGS IS TO AGREE A REORGANIZATION PLAN WITH
CREDITORS WITHIN 90 DAYS
    * EXPECTS NEGATIVE ANNUAL NET RESULT IN HIGH THREE-DIGIT
MILLION
RANGE FOR 2024

Source text:  ID:nEQ6Pw4Nka 
Further company coverage:  PKTM.VI 

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