Kneissl: Decision about Sale to Be Taken in September

Published: August 29, 2011; 15:22 · (Vindobona)

Four international investors are interested in taking over the insolvent Austrian ski manufacturer. A purchase price of € 4m is expected.

Kneissl: Decision about Sale to Be Taken in September / Picture: © Kneissl

A decision about the sale of Kneissl should be made by the end of Septbember, expects liquidator Stefan Geiler. The number of interested international investors – including strategic and financial investors – had been reduced from five to four, he stated.

Detailed negotiations had been taken up, draft contracts had been prepared already, explained Geiler who declined to…

This article includes a total of 225 words.

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