Originally Posted by
johan rebel
"Dutch State raises stake from 5.9% to near 13% "
I stand to be correct on this, but I thought that the Dutch state already owned 5.9% of KLM, and has now purchased 12.68% of the shares in the Air France-KLM holding. This holding in turn is a minority shareholder in KLM, albeit the largest at 49%.
Johan
All information indeed suggest that the purchase was for AFKL (holding) shares, which would explain the 25% rise in share price
And even Lemaire (French minister) indicates that this was a total surprise.
The French, especially the French government, were running AFKL as a pure French firm. Will be more difficult now
Like everyone else, I find the statement by Lemaire about no State interference idiotic
BTW the share price lost 12% this morning as investors realized that the recent surge was technical (Dutch purchases) and augur badly of the future The French State still has double votes. But in a couple of years, DL, MU and The Dutch State will have the same status