Air France KLM Group (AF KLM) has sold about half of its 15.22% shareholding in Amadeus IT Holding, netting €467 million ($627.5 million).
Air France KLM Group (AF KLM) has sold about half of its 15.22% shareholding in Amadeus IT Holding, netting €467 million ($627.5 million). The sale of 7.5% of its ownership in the travel technology and distribution company is surely part of its efforts to restore profitability. The Franco-Dutch group in January launched a three-year “transformation plan” to bring the company back to profitability by immediately cutting costs by €1 billion and rapidly reducing debt ...
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