Press release - Air France-KLM completes acquisition of a non-controlling stake in the share capital of SAS AB
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
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Source: Yahoo Finance
Acquisition Details: Air France-KLM has acquired a 19.9% non-controlling stake in SAS AB, with plans for extensive commercial cooperation starting September 1, 2024, including interline and codeshare agreements that will enhance travel options for customers of both airlines.
Strategic Implications: This investment is part of Air France-KLM's strategic roadmap to strengthen its presence in the Scandinavian market, with potential for increasing their stake to a controlling interest in the future, subject to regulatory conditions and financial performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
