(Reuters) – Franco-Dutch airline Air France-KLM is in negotiations to acquire a 20% stake in Spanish carrier Air Europa, El Economista reported on Wednesday, citing unnamed sources.
The price of this participation would be higher than the 100 million euros that the parent company of British Airways, IAG, spent for a similar participation, we can read in the newspaper.
Air Europa, which belongs to the Spanish group Globalia, plans to raise funds via a capital increase.
In August, IAG abandoned its proposed takeover of Air Europa after the European Commission rejected the corrective measures presented by the group.
Contacted by Reuters, Air France-KLM said negotiations regarding commercial cooperation with Air Europa were underway as part of the Sky Team alliance but did not comment on the potential acquisition of a stake in the Spanish airline.
Air Europa and Globalia were not immediately available to respond to a request for comment.
On the Paris Stock Exchange, Air France-KLM shares lost 2.03% to 7.33 euros around 09:04 GMT when the SBF 120 lost 0.78% at the same time.
(Written by Javi West Larrañaga, French version Pauline Foret, edited by Blandine Hénault)
France
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