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Euronews

Eleanor Butler

Air France-KLM to take majority control of Scandinavian airline SAS

SAS Scandinavia Air FranceKLM airBaltic ITA Airways Lufthansa

Air France-KLM said on Friday that it plans to increase its stake in Scandinavian airline SAS to 60.5%, up from around 20% currently.

The additional shares will be acquired from Castlelake and Lind Invest, for an amount that will be determined by SAS’s financial performance at closing.

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