The air group Air France-KLM announced this Wednesday that it had finalized the acquisition of a 19.9% from scandinavian SAS after receiving approval from regulatory authorities in Europe and the United States. In parallel, the two entities have signed cooperation agreements, such as code-sharing flights, in their networks and their main operational bases, Air France-KLM detailed in a press release.
The investment in SAS was made jointly with other investors, such as the Castlelake and Lind Invest funds, in addition to the Danish State, in a consortium that invested $1.2 billion (1.07 million euros) between the purchase of shares and convertible bonds.
Members of the consortium together 86.4% of the capital of SASexcluding the possibility that the Danish state increases its stake in its capacity as creditor of the company, the press release details.
