KTM before the end? Insolvency proceedings ensure great uncertainty!
KTM before the end? Insolvency proceedings ensure great uncertainty!
Ried im Innkreis, Österreich - On December 20, 2024, the KTM AG's fateful companies will take decisive trial dates at the Ried regional court in the Innkreis. As Today. The participation of creditors is crucial for the day statutes, which start at 9 a.m. and then in two steps at 11 a.m. and 1 p.m. A rush of around 2,500 creditors is currently being expected to flow into the large jury.
insolvency proceedings with uncertainty
The uncertainty before the negotiations is enormous because nobody can say exactly how many creditors will appear personally. "It is difficult to estimate how many will appear," says Stefan Kiesl, head of the court's media office. During the talks it is clarified whether the three companies can be continued and how the renovation recipients see the current situation of the motorcycle manufacturer. KTM has slipped into bankruptcy, with debts of around 1.8 billion euros. Already 250 employees have been released, and a termination for a further 400 employees is being considered, whereby social hardship cases are to be avoided, as union representatives emphasize.
Today's negotiation is the first of several fateful days for KTM. According to krone.at it is expected that the investor search, which is already internationally created and is accompanied by Citigroup, can be decisive, but the ultimate decision is in the hands of the renovation agents and the court. The negotiations are not public, only directly affected creditors have access. In order to cope with the rush, additional rooms are reserved for the video stream transmission of the processes, in order to avoid overfilling the main building.
| Details | |
|---|---|
| Ort | Ried im Innkreis, Österreich |
| Quellen | |
Kommentare (0)