Air France KLM shares slump as Dutch eye up bigger stake

Dutch take stake in Air France KLM, shares slump

PARIS, Feb 27 - Shares in Air France KLM fell sharply on Wednesday after the Dutch government said it would take a 14 percent stake in the airline, highlighting tensions between the Netherlands and its French partners in the

company.Late on Tuesday, Dutch Finance Minister Wopke Hoekstra said the Netherlands had taken a 12.7 percent stake for 680 million euros and aimed to increase that to about 14 percent, but had not informed France about the move.

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Dutch take stake in Air France KLM to counter French influenceThe Dutch government will take a stake in Air France KLM equal to that of the Fr...
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Dutch activism could ground Air France recoveryThe Hague has snapped up 12 percent of the carrier to counter the influence of the French government and protect Dutch jobs. More state meddling may undermine new boss Ben Smith’s cost-cutting plan, and exacerbate tensions with French unions, raising the risk of more strikes.
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