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Kneissl: Bankruptcy Application Possible Despite Capital Increase
The traditional Tyrolean ski manufacturer Kneissl is possibly facing lawsuits and bankruptcy applications.
Kneissl: Bankruptcy Application Possible Despite Capital Increase / Picture: © Kneissl
After the former majority owner, Mohamed Al Jaber, undertakes a capital injection of € 1.2 million, his share in Kneissl Holding rises to 99%. The sheik appeared as an investor in 2008 and paid € 4 million for a 60% stake.
Despite the stronger capital base and the clear ownership, the suppliers are not satisfied. They see only few signs of their outstanding bills actually…
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