India, Jan. 7 -- Air France-KLM, part of the SkyTeam alliance and headquartered at Paris-Charles de Gaulle Airport, is in talks to take controlling interest in Italy's flagship airline, Alitalia by the summer.
Alitalia is Italy's biggest airline, and the world's 19th and is owned by the group of investors who made the "Compagnia Aerea Italiana" (CAI) to buy the airline, where Air France-KLM already holds 25 per cent stake. Alitalia's shareholders can exercise options to trade their shares when a lock-up period ends on Jan. 12.
According to the media reports, Air France-KLM has offered shareholders a 20 per cent premium on what they paid for the airline five years ago in 2008. CAI had paid a little more than 1 billion euros to take over Alitalia. Published by HT Syndication with permission from Dion Global Solutions Limited . For any query with respect to this article or any other content requirement, please contact Editor at [email protected]
Copyright 2013 Dion Global Solutions LimitedAll Rights Reserved
