Dutch authorities purchase stake in holding company Air France-KLM

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Author (Corporate)
Publication Date 2019
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Summary:

Reports and analyses on the decision by the Dutch government to buy a 12.7 percent share in the Air France-KLM airline, aiming to achieve parity with the French government in the company.

Further information:

The Dutch Finance Minister announced on 26 February 2019 that the decision to purchase a stake in Air France-KLM aimed at exercising more influence on the company and its future, and to safeguard Dutch national interests. The country's authorities bought 12.68 percent of the airline, amid plans to raise the stake to 14.3 percent, in line with the stake held by France's government.

France later stated it would seek further clarification on the decision made by the Netherlands, as there was no information beforehand regarding these plans. Media sources reported this was seen by the French government as a hostile move by the Dutch authorities in order to gather wider control over the Air France-KLM.

Related Link(s)
Commentary and Analysis
Euro|topics, February 2019: Why is The Hague buying Air France KLM shares? https://www.eurotopics.net/en/215593/
Bloomberg, 27/02/2019: Macron-Style Capitalism Is Taking Over in Europe https://www.bloomberg.com/opinion/articles/2019-02-27/air-france-klm-macron-style-capitalism-is-taking-over-europe

News
Dutchnews.nl, 27/02/2019: Dutch state buys stake in Air France-KLM to ‘increase influence’ https://www.dutchnews.nl/news/2019/02/dutch-state-buys-stake-in-air-france-klm-to-increase-influence/
Deutsche Welle, 27/02/2019: France and Netherlands quarrel over Air France-KLM https://p.dw.com/p/3EDSg
France24, 27/02/2019: France seeks 'clarification' after surprise Dutch purchase of significant stake in Air France-KLM https://www.france24.com/en/20190227-france-demands-clarification-dutch-purchase-stake-shares-air-france-klm
The Guardian, 27/02/2019: France fumes as Dutch government takes stake in Air France-KLM https://www.theguardian.com/business/2019/feb/27/france-fumes-as-dutch-government-takes-stake-in-air-france-klm
BBC News, 27/02/2019: Air-France KLM: Dutch surprise France by taking airline stake https://www.bbc.co.uk/news/world-europe-47386140
Reuters, 27/02/2019: Dutch state's Air France-KLM raid shows interventionist mood https://uk.reuters.com/article/idUKKCN1QG2N2
Politico, 27/02/2019: France’s air rage at Dutch ‘power grab’ https://www.politico.eu/article/dutch-government-purchase-of-air-france-klm-shares-sparks-french-outrage/
EurActiv, 27/02/2019: Dutch increase Air France-KLM stake to counter French influence https://www.euractiv.com/section/aviation/news/dutch-increase-air-france-klm-stake-to-counter-french-influence/

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