Air France sees Alitalia stake diluted to 7 pct-CFO
PARIS Nov 14 (Reuters) - Top shareholder Air France-KLM sees its shareholding in Italian airline Alitalia dropping from 25 percent to around seven percent after a bond-to-share conversion and a cash call in which it does not plan to take part.
"After the bond conversion and providing that firstly, all shareholders convert their bonds into shares and secondly, the 300-million-euro capital increase is fully subscribed, our stake should be around seven percent," Air France-KLM chief financial officer Philippe Calavia told Reuters. (reporting by Cyril Altmeier; writing and editing by Mark John)
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