As part of its active balance sheet management policy, Air France-KLM has launched the sale of 4,475,819 shares of the Spanish company Amadeus IT Holding S.A. (“Amadeus”), representing 1.0% of the share capital of the company.
Simultaneously, the group has settled the entire derivati ve transaction it entered into in 2012 covering 12,000,000 shares of Amadeus, representing 2.68% of the share capital of the company. This transaction was partly settled in shares.
These operations will generate proceeds of 339 million euros in cash.
Following these transactions , Air France-KLM will own circa 4.4% of Amadeus IT Holding S.A. share capital. Air France has committed to a lock up period of 30 days on its residual position in Amadeus.
The disposal of shares is carried out through an accelerated book built private placement for which Société Générale Corporate & Investment Banking is acting as sole Lead Manager and Bookrunner.
This press release does not constitute an offer to sell or a solicitation to buy any securities, and the offer of Amadeus IT holding S.A. shares by Air France does not constitute a public offering.