PIERER Mobility Secures Funding for KTM Restructuring and Announces Management Changes

An update from PIERER Mobility AG ( (CH:PKTM) ) is now available.

PIERER Mobility AG has secured necessary funding from Bajaj Auto International Holdings B.V. to meet the restructuring plan quotas for KTM AG and its subsidiaries. This financial support ensures the continuation of KTM’s operations, with a total of EUR 600 million being allocated for restructuring purposes. Additionally, there will be a change in the management board as Stefan Pierer steps down, and Verena Schneglberger-Grossmann joins to support CEO Gottfried Neumeister.

The most recent analyst rating on (CH:PKTM) stock is a Hold with a CHF28.00 price target. To see the full list of analyst forecasts on PIERER Mobility AG stock, see the CH:PKTM Stock Forecast page.

More about PIERER Mobility AG

PIERER Mobility AG is a company operating in the mobility industry, primarily focusing on the production and development of motorcycles and related components. It is closely associated with KTM AG, a well-known brand in the motorcycle sector.

Average Trading Volume: 14,671

Current Market Cap: CHF674.6M

For a thorough assessment of PKTM stock, go to TipRanks’ Stock Analysis page.