Creditors owed 3.3 billion dollars approve restructuring plan, production to recommence next month
A large crowd gathered today at the regional court in Ried im Innkreis, Austria, for the creditors’ meeting concerning KTM AG’s financial future. The session, which began at 9 a.m., attracted nearly 100 attendees, including journalists and key KTM executives such as CEO Gottfried Neumeister and Stefan Pierer. The stakes were high, as the decision could determine whether KTM continues operations or faces bankruptcy and asset liquidation.
Final negotiations went late into the night, but by the morning, most creditors were convinced. The restructuring plan was put to a vote, originally set to conclude by midday, but due…
