PARIS, April 12 (Reuters) – Air France-KLM AIRF.PA has launched a share subject to boost about 988 million euros ($1.2 billion) to strengthen its liquidity and finance its common wants within the context of the COVID-19 disaster, it mentioned on Monday.
The brand new shares can be priced at between 4.84 and 5.31 euros apiece.
The French state, which holds 14.3% of the airline’s share capital, has dedicated to subscribe as much as a most of 65.9% of the capital improve, in order to not maintain greater than 29.9% of the corporate’s share capital following completion of the operation.
China Jap Airways, which holds 8.8%, will subscribe to the difficulty with a purpose to maintain lower than 10% of the agency’s capital.
The Dutch state, which holds 14.0% of the share capital, has knowledgeable the corporate of its intention to not take part within the capital improve. Delta Air Traces, which holds 8.8% of the share capital, will even not partake.
($1 = 0.8393 euros)
(Reporting by GV De Clercq Modifying by David Holmes)
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