Air France-KLM : An interesting play for a limited initial outlay
>A 19.9% stake for a upfront payment of $ 144.5m - Yesterday evening, Air France-KLM announced that it has been selected as part of a consortium (alongside Castlelake and Lind Invest) as the winning candidate in SAS’s finance solicitation process. Air France-KLM's investment would be $ 144.5m, of which $ 109.5m in ordinary shares and $ 35m in secured convertible bonds. All told, the consortium and the Danish state would invest $ 1.175bn, of which $ 475m in shares and ...Air France-KLM is a holding company. Through its subsidiaries, Co. is engaged in transporting passengers and cargo, aeronautics maintenance and other air-transport related activities, including catering and charter services. Co. operates in six geographical regions: Metropolitan France; Europe (except France) and North Africa; Caribbean, French Guiana and Indian Ocean; Africa, Middle East; Americas, Polynesia; and Asia and New Caledonia. Co. organizes its business around the following four segments: Passenger, providing passenger transportation services on scheduled flights; Cargo, transporting freight on flights and selling cargo capacity to third parties; Maintenance, and Other activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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