March 1, 2019 / 5:09 PM / 7 months ago

Netherlands not planning to buy more Air France KLM shares - AMF

PARIS (Reuters) - The Dutch government is not planning to buy more Air France KLM shares and is not planning to take control of the company, the Dutch government said in a notification to French stock market regulator AMF.

On Tuesday, the Dutch government took the company and the French government by surprise by buying a 14 percent stake in the airline - nearly as much as the French state’s 14.3 percent stake - in a move to counter French influence in the airline and get a bigger say over the company’s strategy.

The AMF said in a statement that the Dutch state had informed it on Friday that it now held 60 million of the airline’s shares and controlled 11.91 percent of the voting rights.

Reporting by Geert De Clercq; Editing by Elaine Hardcastle

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