|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||4.4175 - 4.5500|
|52-week range||3.4200 - 6.0700|
|Beta (5Y monthly)||1.94|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||14 Jul 2008|
|1y target est||3.30|
PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid. "The proceeds of the transaction would enable Air France-KLM and Air France to partially redeem the French state perpetual bonds," the airline said, adding it would not involve any operational or workforce-related changes. An Air France-KLM spokesperson said the deal with Apollo Global Management would not result in the buyout firm taking an equity stake and was "purely financial".
PARIS (Reuters) -French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic. CMA CGM will take up to 9% of Air France-KLM, worth about 240 million euros ($252 million) based on Tuesday's closing price, part of a possible capital increase by the airline group for the duration of their partnership that is initially set to run for 10 years, the two companies said. It will make CMA CGM the fourth biggest shareholder, according to Refinitiv data, and mirrors a similar initiative planned by shipping company MSC, which has teamed up with Germany's Lufthansa on a potential bid for Italian airline ITA Airways.
CMA CGM, the French shipping group, is set to become a leading shareholder in Air France-KLM and will forge a partnership in air cargo with the carrier, part of a drive to expand its reach after a boom in its business during the pandemic. The Marseille-based container company, which in recent months has made investments in logistics ventures, port terminals and a parcel delivery group at a time when international shipping prices have been soaring, will take up to 9 per cent of the airline group, the companies said. The deal will make CMA CGM a top investor in Air France-KLM, which is partly backed by the French and Dutch governments, as the airline emerges from a rocky patch following coronavirus lockdowns that brought most travel to a halt and pushed the company to request bailouts.