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AF Air FranceKLM

9.97
-0.016 (-0.16%)
03 May 2024 - Closed
Delayed by 15 minutes
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
  -0.016 -0.16% 9.97 9.94 10.20 10.22 9.958 10.07 1,674,326 16:40:00

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

31/08/2022 4:41pm

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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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