Kneissl: Bankruptcy Application Possible Despite Capital Increase

Published: November 25, 2010; 12:39 · (Vindobona)

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…

This article includes a total of 198 words.

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