French state could become biggest shareholder in Air France: minister By Reuters

© Reuters. FILE PHOTO: The first Air France airliner’s Airbus A350 prepares to take off after a ceremony at the aircraft builder’s headquarters in Colomiers near Toulouse, France

PARIS (Reuters) – The French state will be able to raise its shareholding in Air France to nearly 30% and become its biggest shareholder under a state-backed refinancing to help the airline through the COVID-19 crisis, French Finance Minister Bruno Le Maire said on Tuesday

Under the plan approved by the European Commission, France will convert 3 billion euros ($3.54 billion) of already granted state aid into hybrid instruments and raise up to 1 bilion euros in new equity capital, Le Maire told France Inter radio.

($1 = 0.8467 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.