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Saudi investor wants $223 mln stake in Austrian Airlines

Fri Feb 1, 2008 3:52am EST

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VIENNA, Feb 1 (Reuters) - Saudi Arabian investor Mohamed Bin Issa Al Jaber plans to buy a stake in Austrian Airlines (AUAV.VI) worth 150 million euros ($223 million), the airline operator said late on Thursday.

"Intensive negotiations are currently underway," Austrian said in a statement, adding no decisions had been taken yet.

Austria's state holding company OeIAG currently holds just under 40 percent of the airline.

"A strategic investment of this nature would be to support the expansion strategy of Austrian Airlines in the Middle East," Austrian said. (Reporting by Karin Strohecker; Editing by Greg Mahlich)



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