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Share Name Share Symbol Market Type
Air France KLM EU:AF Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0095 0.6% 1.5865 1.575 1.5885 1.5865 1.5585 1.5785 8,604,385 16:40:00

Air France-KLM Says It Won't Take Stake in ITA as Part of Potential Deal

31/08/2022 4:41pm

Dow Jones News


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By Cristina Roca

 

Air France-KLM said Wednesday that it isn't planning on investing in ITA Airways' capital as part of a potential deal to privatize the Italian flag carrier.

"Air France-KLM Group could consider in the medium term to take a minority stake in ITA," it added.

The Italian Finance Ministry said earlier on Wednesday that a joint bid by the Franco-Dutch airline, Delta Air Lines Inc. and investor Certares Management LLC would enter exclusive talks to take control of ITA, the successor to Alitalia.

Air France-KLM said both itself and Delta are commercial partners in the consortium, while Certares--which leads the consortium--is an equity partner.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

August 31, 2022 11:26 ET (15:26 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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