Pierer Industrie AG avoids insolvency, decision on KTM imminent

[RidersUnited]

Pierer Industrie AG, which indirectly owns KTM, has avoided insolvency after undergoing restructuring.
On Thursday, creditors voted on the European restructuring plan (ReO) of Pierer Industrie AG at the regional court of Wels, in Upper Austria. This was the first time that this procedure was applied in Austria under the restructuring directive, which came into force on 17 June 2021.
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