Air France has acquired control of KLM Royal Dutch, the two carriers http://www.foxtrot-marine.com/ announced Tuesday, cementing both their agreed merger and the privatization of Air France.
In a joint statement, the French and Dutch airlines said they had cleared the last hurdle in the merger https://princessmonkey.com/ they agreed to last year to create Air France-KLM, the world’s biggest airline in terms of revenue.
KLM shareholders tendered almost 42 million shares https://chetroy.com/ representing 89.2% of the airline’s capital in a share swap offer that closed Monday evening, the statement said.
Under the terms of the offer, Air France is to issue nearly 46 million new shares to the KLM shareholders who have agreed to exchange their stock — reducing the French government’s stake in the national carrier to https://www.gadata.org/ under 45% from around 54%.
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