A minority shareholder since the summer of 2024, the Franco-Dutch group aims to take control of 60% of the company’s shares by the end of 2026.
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The Air France-KLM air group started “The process for the majority equity in capital” From the Scandinavian SAS company, of which he is already one of the main shareholders up to 19.9%, he announced, Friday, July 4. It plans to set up its participation up to 60.5% of the shares of the company weakened in particular by the epidemic of COVID-19.
The Franco-Dutch group had entered the company’s capital in the summer of 2024 and had initiated commercial cooperation between Air France, KLM and SAS, which then entered the Skyteam Alliance. Air France-KLM had not been mystery of its intentions as“Increase your participation in order to become a control shareholder after a minimum of two years”.
“The objective is to finalize the operation in the second half of 2026”said the group, for whom this project “Reflects the success of SAS restructuring and the positive results of commercial cooperation initiated in 2024”. With this operation, Air France will be able to better serve the destinations in northern Europe, very popular. The Danish state would retain its participation of 26.4%, as well as its seats on the board of directors.
