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Saudi investor's Austrian Airlines stake buy unlikely

NEW YORK - The purchase of an Austrian Airlines Group stake by Saudi Arabia's Mohamed bin Issa Al Jaber may fail because of opposition from some shareholders, Kurier newspaper reported, citing unidentified investors in the carrier.

Published: Sat 16 Feb 2008, 9:31 AM

Updated: Sun 5 Apr 2015, 12:22 PM

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.