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BRIEF-Air France-KLM Completes Acquisition Of 19.9% Stake In SAS AB
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BRIEF-Air France-KLM Completes Acquisition Of 19.9% Stake In SAS AB
Aug 29, 2024 9:09 AM

Aug 28 (Reuters) - Air France KLM SA:

* AIR FRANCE-KLM COMPLETES ACQUISITION OF A NON-CONTROLLING

STAKE

IN THE SHARE CAPITAL OF SAS AB

* COMPLETED ACQUISITION OF A 19.9% NON-CONTROLLING STAKE IN

SHARE

CAPITAL OF SAS AB

* AGREEMENTS, WHICH COVER RECIPROCAL LOYALTY PROGRAM

BENEFITS,

WILL ENTER INTO FORCE AS EARLY AS SEPTEMBER 1, 2024

* ON SAME DAY, SAS WILL JOIN SKYTEAM ALLIANCE, OF WHICH AIR

FRANCE

AND KLM ARE FOUNDING MEMBERS

* AIR FRANCE-KLM GROUP ITSELF INVESTED A TOTAL OF $144.5

MILLION

USD IN SAS AB

* MEMBERS OF CONSORTIUM NOW EFFECTIVELY HOLD AN AGGREGATE

86.4%

STAKE IN SHARE CAPITAL OF REORGANIZED SAS AB

* INVESTMENT HAS NO IMPACT ON ITS MEDIUM-TERM OUTLOOK

Source text for Eikon:

Further company coverage:

(Gdansk Newsroom)

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