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Air France KLM SA Enters into a Hedging Transaction to Protect the Value of Part of its Stake in Amadeus IT Holding SA


Tuesday, 13 Nov 2012 01:53pm EST 

Air France KLM SA announced that it entered into a hedging transaction with Societe Generale to protect the value of 12,000,000 ordinary shares it holds in Amadeus IT Holding SA, representing about a third of its stake. This transaction will allow the Group to protect the value of these shares, while continuing to benefit from the potential upside of the price of its remaining shares (i.e. 5% of Amadeus IT Holding SA). In connection with the hedging transaction, Societe Generale is selling circa 7.4 million Amadeus IT Holding SA shares by way of an institutional private placement. HSBC is acting as sole bookrunner of the placement. 

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