Al Jaber Owns Kneissl Again

People ♦ Published: January 28, 2012; 14:36 ♦ (Vindobona)

The insolvent ski manufacturer Kneissl will be owned by the Arab investor Al Jaber again. Creditors approved to a 20% quota.

Al Jaber Owns Kneissl Again / Picture: © MBI International & Partners

Creditors of the insolvent Tyrolean ski manufacturer Kneissl approved the company´s offer to repay a 20% quota. Since mid-2010, Kneissl faced severe financial problems. After months of uncertainty, the former owner Al Jaber grants an allowance of 1.98m in order to make the restructuring possible. As a result, the former owner will be the new one.

In 2011, Al Jaber promised…