Al Jaber won't buy AUA shares

09 September 2008

Saudi investor Mohammad Bin Eisa Al Jaber will not buy Austrian Airlines shares in the rights issue the carrier launched two weeks ago, reported Reuters. The share issue is not related to the ongoing process of selling part of the Austrian government's stake in the airline, but was part of a deal earlier this year under which Al Jaber would have bought 20%. The deal fell apart in May.

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