June 3, 2018 / 8:19 PM / 2 months ago

AccorHotels interested in buying minority stake in Air France KLM

PARIS (Reuters) - Europe’s largest hotel group, AccorHotels (ACCP.PA) said on Sunday it was interested in acquiring a minority stake in Air France-KLM (AIRF.PA).

The Air France-KLM company logo is seen at the annual shareholder meeting in the La Defense business district in Puteaux, France, May 15, 2018. REUTERS/Philippe Wojazer

“AccorHotels confirms having resumed its reflections on the matter, being at very early stage of assessing the feasibility and potential terms and conditions which will be discussed with Air France-KLM in due time,” the company said in a statement.

The French government is considering selling all or part of its 14.3 percent stake in Air France KLM and has received interest from the management of AccorHotels, French news daily Les Échos reported on Sunday.

Reporting by Maya Nikolaeva. Editing by Jane Merriman

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