Creditors filed claims totalling around 2.2 billion euros against KTM AG and its two subsidiaries during the companies’ insolvency proceedings in Austria on Friday.
Insolvency administrator Peter Vogl presented his third report during the hearing and he must now provide a statement on all registered claims.
At the moment, there are 3,534 claims filed against KTM AG. These are divided into 2,347 claims filed by employees and 1,187 claims filed by other creditors.
In total, the claims amount to 2.18 billion euro, out of which 1.66 billion euro has been recognised so far.
Further, KTM Components GmbH has received 739 claims totalling almost 81 million euro, out of which claims worth 48.8 million euro have been recognised.
At KTM…
