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Air France-KLM confirms Alitalia bid details
PARIS (Reuters) - Air France-KLM on Monday detailed its offer to buy all of Alitalia <AZPIa.MI>, confirming details given on Sunday by its chairman to Italian newspapers.
Air France-KLM <AIRF.PA> said it had made a non-binding offer to acquire 100 percent of the shares of Alitalia through an exchange offer and that it would acquire 100 percent of Alitalia convertible bonds.
The French-Dutch airline would immediately inject at least $1.09 billion into Alitalia through a capital increase, which will be open to all shareholders and be fully underwritten by Air France-KLM.
(Reporting by Marcel Michelson; Editing by Paul Bolding)
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