Austrian Airlines (AUA), the listed part-state-owned airline, must prove that selling an exclusive stake to Saudi Arabian investor Sheikh Al Jaber has strategic value for the company or face a legal wrangle of several years.
The sale of a stake to Al Jaber would limit the ch...
The sale of a stake to Al Jaber would limit the chance that Austrian would seek airline partners such as Deutsche Lufthansa AG, the newspaper said. The Austrian state assets agency wants to ensure that it isn't constrained in its decision-making in the future because of a new investor, according to the newspaper.
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An airline is not like a typical company that sells consumer products, it is a corporation that often involves highly sensitive national security information. It is extremely unlikely that any "western" government would allow a sale, partial or full, to a person from the middle east.
He will buy a stake of it, but mainly new shares, so the part of the government will shrik. But not one single share of the government will be sold to him.
So what is it now ?
Partly of No?
The sale of a stake to Al Jaber would limit the chance that Austrian would seek airline partners such as Deutsche Lufthansa AG, the newspaper said. The Austrian state assets agency wants to ensure that it isn't constrained in its decision-making in the future because of a new investor, according to the newspaper.
http://www.thestar.com/Business/artic...
So what is it now ?
Partly of No?
The sale of a stake to Al Jaber would limit the chance that Austrian would seek airline partners such as Deutsche Lufthansa AG, the newspaper said. The Austrian state assets agency wants to ensure that it isn't constrained in its decision-making in the future because of a new investor, according to the newspaper.