November 14, 2013 / 2:07 PM / in 5 years

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below