Air France-KLM crashes hard on the stock market after news about share issuance

The Dutch government has indicated that it wants to buy shares in order to maintain its interest of more than 9 percent in the group. According to the Ministers of Finance Sigrid Kaag and Mark Harbers of Infrastructure, the participation will cost about 220 million euros. The House of Representatives still has to approve the purchase. The French government, the largest shareholder of Air France-KLM, is also going to buy shares.

The AEX index on Beursplein 5 was 2 percent lower at 679 points. The MidKap fell 1.9 percent, and the stock exchanges in Frankfurt, Paris and London lost to 1.7 percent. An Air France-KLM share now costs 3 euros and 45 cents.

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