Air France-KLM completes first leg of €1bn recap

By Aidan Gregory
13 Apr 2021

Air France-KLM has set the offer price for its €1bn capital increase following an accelerated bookbuild on Monday night.

At the €4.84 offer price, investors will receive an 8.85% discount to the closing price of Air France-KLM on Monday evening, when the private placement leg of the transaction was completed. Around €250m of stock was placed by Air France-KLM in the private placement, according to a source ...

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