Austrian Airlines Saudi stake deal dropped-report
A Saudi-Austrian investor has pulled out of a deal to buy a stake in Austrian Airlines an Austrian magazine reported on Saturday.
By Agencies |
VIENNA: A Saudi-Austrian investor has pulled out of a deal to buy a stake in Austrian Airlines an Austrian magazine reported on Saturday.
The airline's main shareholder, state holding company OeIAG, had agreed terms in March for Sheikh Mohamed Bin Issa al Jaber to take a stake via a capital increase.
But Profil magazine, citing a lawyer's letter, said he had pulled out of the deal on April 30. The magazine said the stake would have been worth 150 million euros ($232 million).
Austrian Airlines has a market capitalisation of around 350 million euros.
The airline's main shareholder, state holding company OeIAG, had agreed terms in March for Sheikh Mohamed Bin Issa al Jaber to take a stake via a capital increase.
But Profil magazine, citing a lawyer's letter, said he had pulled out of the deal on April 30. The magazine said the stake would have been worth 150 million euros ($232 million).
Austrian Airlines has a market capitalisation of around 350 million euros.
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