AccorHotels seeking European partners for potential acquisition of Air France-KLM equity stake

    AccorHotels Group reportedly seeks financial partners, based in the Europe, to jointly acquire an equity stake in Air France-KLM (Financial Times, 26-Jun-2018). The group reportedly seeks European investors to adhere to EU ownership legislation. The French Government’s 14% stake in Air FranceKLM, which comes with 23% of voting rights, is reportedly valued at EUR430 million.