AIR FRANCE-KLM: Sale of Amadeus shares representing around 1.13% of the share capital
December 23 2016 - 1:30AM
Roissy, December 23, 2016
Sale by Air
France-KLM of Amadeus shares representing around 1.13% of the share
capital
Air France-KLM sold a total of
4,950,000 shares of Amadeus IT Group, S.A. ("Amadeus"),
representing around 1.13% of the share capital of Amadeus, in
connection with the unwind and termination of part of Air France's
then existing hedge transaction over 9,900,000 Amadeus shares.
The net proceeds of the
transaction amounts to 201 million euros.
Air France-KLM retained its hedge
over 4,950,000 shares, which represents around 1.13% of the share
capital of Amadeus.
This sale is part of Air
France-KLM active balance sheet management policy. With this
operation, Air France-KLM pursues its debt reduction strategy.
Investor
relations
Marie-Agnès de
Peslouan
Dirk Voermans
+33 1 49 89 52
59
+33 1 49 89 52
60
madepeslouan@airfranceklm.com
divoermans@airfranceklm.com
Press +33 1 41 56 56 00
www.airfranceklm.com
Air France-KLM: Sale of Amadeus
shares
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AIR FRANCE - KLM via Globenewswire
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