ROME--Air France-KLM's (AF.FR) board is slated to meet Monday to
decide whether to boost its 25% stake in Alitalia SpA, writes
Italian daily Corriere della Sera, without citing its source.
Air France-KLM is weary of committing too many funds in taking
over the unprofitable Italian airline, which it doesn't control but
is the biggest shareholder, says the newspaper.
A possible way to keep its stake or to double it is to take part
in a capital increase worth about 200 million euros ($270 million),
in which Air France-KLM would spend about EUR50 million to keep its
stake or roughly EUR100 million to reach just less than half the
capital without having to consolidate Alitalia's debts, adds the
newspaper.
Air France-KLM declines to comment.
Newspaper Web site: www.corriere.it
-Write to the Italy Bureau at djitaly@dowjones.com
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