Wednesday, January 13, 2016
German investment fund 4K Invest from Munich, which specialises in acquiring medium and large-sized companies with a poor operating performance, is close to buying a 91.6% stake in Adria Airways. According to media reports, the sale will be finalised following Adria's extraordinary shareholders' meeting next Tuesday where it is looking to raise up to eight million euros in fresh capital. 4K is prepared to inject two million euros into the carrier as part of the capital hike, after which it is expected to proceed with the acquisition of a majority stake for just one euro.
Do they change company profiles/policies? Is JP going to continue working within Star Alliance and go on with their "hybrid low-cost" model?
ReplyDeleteOne thing is certain - they will spare no one and nothing on the path back to profitability. Investment funds are known for their ruthlessness in these transactions.
ReplyDeleteGood, that's exactly what JP needs.
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