Comeback of Al Jaber at Kneissl?

Companies ♦ Published: December 22, 2011; 19:02 ♦ (Vindobona)

The creditors of the Austrian ski manufacturer will vote on a new restructuring plan after the takeover by a German group has failed.

Comeback of Al Jaber at Kneissl? / Picture: © MBI International & Partners

Kneissl’s former majority owner Mohammed Al Jaber has apparently made a comeback at the insolvent Tyrolean ski producer. According to the Austrian creditors’ association (KSV), managing director Andreas Gebauer presented a restructuring plan at a creditor meeting. The creditors hope for a ratio of 20% and will vote on the plan as soon as the money has been transferred to a trust…