Banks bitter
Banks bitter: Does Pierer have to resign even more?
The restructuring plan of Pierer Industrie AG was approved on Thursday, negotiations with investors are still in full swing - but will the creditors also give the green light for KTM's restructuring plan on Tuesday? Tension is high ahead of the court hearing. There are still rumblings among the banks and financial institutions. Read here to find out what's behind it all.
Who is the investor who will provide the much-needed capital? Is the Indian Pierer partner Bajaj taking over the majority? How much is coming from owner Stefan Pierer himself? And what role does Remus boss Stephan Zöchling play? There are many questions surrounding the battle to save KTM, to which there are still no answers. For the time being, all eyes are on Tuesday.
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