Air France-KLM initiates proceedings to take a majority stake in SAS Paris, 4 July 2025 Air France-KLM initiates proceedings to take a majority stake in SAS Air France-KLM intends to increase its stake in SAS’s share capital, from 19.9% currently to 60.5%, via a full acquisition of the stakes held by Castlelake and Lind Invest. This contemplated transaction reflects the successful turnaround of SAS and the positive results generated by the commercial cooperation initiated in 2024. It would allow Air France-KLM and SAS to fully unlock their synergy potential, confirm the Group’s expansion...
Air France-KLM entame le processus en vue d’une prise de participation majoritaire dans le capital de SAS Paris, le 4 juillet 2025 Air France-KLM entame le processus en vue d’une prise de participation majoritaire dans le capital de SAS Air France-KLM prévoit de porter sa participation au capital de SAS de 19,9 % actuellement à 60,5 %, en acquérant l’intégralité des parts détenues par Castlelake et Lind Invest.Ce projet de transaction reflète le succès de la restructuration de SAS et les résultats positifs de la coopération commerciale initiée en 2024. L’opération permettrait à Air France...
La surperformance des Small&Midcaps au S1 reste marquée par un contexte de i/ momentum sans dynamique haussière (sauf peut-être en Italie ou en Espagne), alors que les devises impacteront T2&T3, ii/ géopolitique instable, iii/ fébrilité : les 2 plus grandes puissances économiques (Chine et USA) sont en phase de pivot et/ou présentent certaines fragilités, iv/ valorisations toujours attractives (décote de 30% par rapport aux large caps, et multiples sous leurs niveaux historiques). Nous sommes ra...
The outperformance of small and mid caps in H1 was marked by i/ the absence of upward revision momentum (except perhaps in Italy and Spain), while forex effects are set to dent Q2 and Q3, ii/ geopolitical turmoil, iii/ a jittery market: the two biggest economic powers (China and the US) are in a period of transition and/or showing signs of weakness, iv/ attractive valuations (30% discount to large caps and multiples below historical levels). We are reasonably optimistic about small and mid caps ...
Our 14th edition of the ODDO BHF Nextcap Forum took place on 11 June in Paris, and on 12 June virtually. 96 companies and 170 investors were present for more than 700 meetings organized. Overall, we noted a still cautious tone from companies, with limited visibility on a solid rebound in a persistently uncertain market environment (geopolitical situation, US politics, etc.), even if there are some signs of recovery and certain sectors remain very well positioned (leisure, energy, defence). At th...
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