financetom
Business
financetom
/
Business
/
BRIEF-Air France-KLM Completes Acquisition Of 19.9% Stake In SAS AB
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CSW Industrials Completes Aspen Manufacturing Acquisition
CSW Industrials Completes Aspen Manufacturing Acquisition
May 25, 2025
01:49 PM EDT, 05/01/2025 (MT Newswires) -- CSW Industrials ( CSWI ) said Thursday that it has completed its acquisition of Aspen Manufacturing for $313.5 million in cash. The transaction was funded with cash on hand and borrowings under the existing $500 million revolving credit facility, according to the company. Price: 315.42, Change: +2.94, Percent Change: +0.94 ...
Wolfspeed (WOLF) Shares Surge On Potential Short Squeeze Fueled by AI Infrastructure Optimism
Wolfspeed (WOLF) Shares Surge On Potential Short Squeeze Fueled by AI Infrastructure Optimism
May 25, 2025
Shares of Wolfspeed Inc ( WOLF ) soared 5.07% to $3.72 on Thursday amid renewed investor enthusiasm for AI-related infrastructure spending. What To Know: The North Carolina-based semiconductor company, which specializes in silicon carbide materials and devices used in electric vehicles and advanced power electronics, has faced intense bearish pressure in recent months. According to data from Benzinga Pro, approximately...
Uber teams up with May Mobility to launch robotaxis in U.S. cities
Uber teams up with May Mobility to launch robotaxis in U.S. cities
May 25, 2025
May 1 (Reuters) - Uber Technologies ( UBER ) said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, starting with Arlington, Texas, by late 2025. This adds to Uber's ( UBER ) growing list of partners for self-driving taxi deployment as it competes with...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved