Air France-KLM: acquisition of stake in SAS finalized

(CercleFinance.com) - Air France-KLM announces that it has finalized the acquisition of a 19.
9% minority stake in the Scandinavian airline SAS, following the receipt of regulatory approvals in Europe and the USA.

This transaction was concluded by a consortium of investors which now holds an aggregate 86.4% stake in SAS (excluding the takeover by the Danish state as creditor).

The Franco-Dutch airline has invested a total of $144.5 million in SAS, and may increase its stake to become a controlling shareholder after a minimum of two years and under certain conditions.

At the same time, Air France-KLM and SAS have signed code-share and interline marketing agreements, which will come into effect on September 1. On the same day, SAS will join the SkyTeam alliance, of which Air France and KLM are founding members.

Copyright (c) 2024 CercleFinance.com. All rights reserved.