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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Air FranceKLM | EU:AF | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.31% | 9.72 | 9.712 | 9.80 | 10.02 | 9.712 | 9.842 | 1,369,653 | 16:40:00 |
From Apr 2019 to Apr 2024
PARIS—Air France-KLM said it is in exclusive talks to sell a 49.99% stake in its airline catering unit, Servair, to China's HNA Group.
The deal would value 100% of Servair at €475 million ($599.4 million), the Franco-Dutch airline said Monday.
The operation is conditioned on HNA's acquisition of Gategroup Holding AG, another airline caterer.
The tie-up, which Air France-KLM said would create a world leader in airline catering, comes as it is recovering from years of losses amid competition from airlines such as Ryanair Holdings PLC and EasyJet PLC in Europe and from rapidly expanding Middle Eastern long-haul carriers.
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
May 30, 2016 20:35 ET (00:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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