Following a meeting between KTM management and theꦏ restructuring administrator, it is being reported that the br𒊎and’s debt total has risen to above €2 billion.

KTM has been desperately trying to stave off bankruptcy having descended into a financial crisis last year as a result of declining sales, overproduction and a busineꦇss expansion that hasn’t worked.

It entered 🎶into self-administration late last year and is currently trying to raise funds from investors to help pay off debts.

The current restructuring plan st🐬ates that 30% ⛄of debt to creditors will be paid off within a two-year period, which is something that will be voted on in a hearing on 25 February.

Initially debts were reported at around €1.8 bil♏lion.

However, following a general examination hearing at the Reg🔴ional Court of Ried Im Innkreis, the Alpine Creditors Association (AKV) announced that debts were now up to €2.185,344,613.84.

Against KTM AG, 3535 claims have been filed - 2347 ꩵfrom employees and 1187 from creditors. This number is expected to rise, according to the AKV.

A GPOne report recently stated that investment ofꦺ up to €900 million had been put fo📖rward by potentially interested parties.

But the Italian publication says th🐷is has not yet been made official.

The AKV report states that 23 potential investors have now expressed inte🧔rest, with KTM tasking Citibank for this process.

Th☂ose investors are reported as🔯 “both strategic investors and financial investors” by the AKV.

While the 30% payback to creditors, which is the statutory minimum offer, is the plan on the ta🗹ble to be voted on, GPOne reports that soওme creditors are not happy with this.

On Thursday evening, the Pierer Mobility Group - which KTM is part of - 168澳洲幸运5官方开奖结果历史:announced that CEO Stefan Pierer was stepping down from his position.

Pierer built up KTM into Europe’s largest mo🍸torcycle manufacturer, but his position has been in doubt since restructuring proceedings began.

He has been replaced by Gottfried 🙈Neumeister, who previously acted as co-CEO.

Pierer will continue to be a part of the restructuring proceedings despite stepping down as C🙈EO of PMG.

Where the previous AKV report in December noted that there ꦅwas a “planned” withdrawal from MotoGP by KTM, the latest meeting made no mention of this.

KTM has already committed to MotoGP for the 2025 season and will launch its season o🔯n 30 January.