KTM<\/a>.<\/p>\n\u00a0<\/p>\n
Realization initiated: Shares to be sold<\/h3>\n
As the repayment was not made on time, Z\u00f6chling now apparently feels compelled to realize the pledged shares.\u00a0 In a letter, which according to reports is available to several major banks, he announces the realization of \u201call PIAG shares\u201d.\u00a0 This measure includes the entire industrial holdings portfolio of the Pierer Group.\u00a0 The Group’s real estate is also to be sold.<\/p>\n
A spokesperson for Pierer told APA that no lender is currently authorized to liquidate securities.\u00a0 The company is not aware of any active attempts to realize collateral and reserves the right to take legal action against unauthorized steps.\u00a0 However, an interim injunction to prevent realization has not yet been obtained.<\/p>\n
\u00a0<\/p>\n
Escalation in court: declaratory proceedings underway<\/h3>\n
Proceedings are currently underway at the Vienna Commercial Court to clarify whether the repayment period will expire in April or – as Pierer argues – not until the end of June 2025.\u00a0 Until the matter has been clarified, it remains unclear whether Dabepo Holding is already legally entitled to realize the collateral.<\/p>\n
The situation is explosive: without a rapid inflow of funds of around 600 million euros (approx. 645 million US dollars), which would be necessary according to the restructuring plan, the continuation of KTM is massively jeopardized.\u00a0 So far, there are said to be no firm commitments from investors.\u00a0 The restructuring capital should reach the insolvency administrator’s account by the end of May at the latest.<\/p>\n
\u00a0<\/p>\n
Power shift at KTM possible<\/h3>\n
If the sale of shares goes ahead as planned, Stefan Pierer could lose significant control over his group of companies.\u00a0 Dabepo Holding is already actively offering the shares for sale.\u00a0 Industry insiders are speculating as to which investor could use the opportunity to take a stake in KTM.\u00a0 A takeover by Z\u00f6chling himself or a third party does not seem out of the question at present.<\/p>\n
One thing is clear: the power struggle for KTM is no longer just an economic problem – it is developing into a strategic showdown with an open outcome.<\/p>\n
[amazon bestseller=”KTM” items=”3″]<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The crisis at the Upper Austrian motorcycle manufacturer KTM has reached a new level of escalation.\u00a0 At the center are two key players: Stefan Pierer, long-time CEO and formative figure of KTM AG, and Stephan Z\u00f6chling, owner of the Remus Group and recently Chairman of the Supervisory Board of Pierer Mobility AG.\u00a0 A fierce conflict has broken out between the two entrepreneurs over millions of euros and share packages, which could have a significant impact on the fate of KTM.<\/p>\n","protected":false},"author":4,"featured_media":154388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":10,"footnotes":""},"categories":[711],"tags":[724,714],"class_list":["post-154390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-en","tag-ktm-en-2","tag-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/posts\/154390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/comments?post=154390"}],"version-history":[{"count":0,"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/posts\/154390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/media\/154388"}],"wp:attachment":[{"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/media?parent=154390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/categories?post=154390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorcycles.news\/en\/wp-json\/wp\/v2\/tags?post=154390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}