AIR FRANCE - KLM : AIR FRANCE-KLM ENTERS INTO EXCLUSIVE DISCUSSIONS WITH RESPECT TO SERVAIR
31 May 2016 - 3:35AM
Roissy, 30 may
2016
Air France-KLM
enters into exclusive discussions with respect to Servair
Air France wishes to provide
Servair with the resources to ensure its growth and maintain the
highest standards in the airline catering sector globally. To this
end, Air France has been searching for a leading player to become
Servair's industrial partner. This will enable Air France to
benefit from the highest standards of inflight catering everywhere
in the world. Several offers have been received by the Group within
the framework of a competitive process.
Following the April 11, 2016
annoucement from HNA of its public tender offer for gategroup, a
major player in the catering industry, Air France has entered into
exclusive discussions with HNA for the sale of 49.99% of Servair
and the transfer of the latter's operational control, for an
enterprise value of 475 million euros (on a 100% basis), with a
view to creating the world-class leader in inflight catering.
Subject to HNA's acquisition of
gategroup, Air France and HNA intend to create the leading platform
in the inflight catering business by building on both companies'
heritage, expertise and network.
The addition of Servair to
gategroup would create an unprecedented offer with more than 200
facilities and 39,000 employees to the satisfaction of more than
300 airline customers. The relevant works councils within the Air
France-KLM group will be informed and consulted on the proposed
transaction.
HNA is a Chinese
company operating in air transport, tourism, logistics and
financial services. Backed by six divisions (HNA Aviation, HNA
Holding, HNA Capital, HNA Tourism, HNA Logistics and HNA EcoTech),
the company posted 2015 revenue of $25.6 billion, and now has some
180,000 employees worldwide including 80,000 outside China. In
2012, HNA started to invest in France by buying a 48% equity stake
in Aigle-Azur, and in 2015 bought an 18% stake in Pierre et
Vacances. With these investments, HNA contributes to the growth of
French companies both through funding and by giving them openings
to new Asian markets. In 2015 these factors prompted HNA Group to
acquire Swissport, the world's largest ground and cargo handling
services provider, which remained as a stand-alone business within
the Group.
Contact investisseurs |
|
Contact presse |
Marie-Agnès de Peslouan |
Dirk Voermans |
+33 1 41
56 56 00 |
+33 1 49
89 52
59 |
+33 1 49
89 52 60 |
|
madepeslouan@airfranceklm.com
Website: www.airfranceklm-finance.com |
divoermans@airfranceklm.com |
|
www.airfranceklm.com |
|
|
Air France-KLM: exclusive
discussions with respect to Serva
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AIR FRANCE - KLM via Globenewswire
HUG#2016572
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