Dutch acted like 'corporate raider' on Air France KLM: French government source [Reuters]
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Source: Reuters
Dutch acted like 'corporate raider' on Air France KLM: French government source | Reuters 2 Min Read PARIS (Reuters) - The Dutch government’s decision to buy a stake in Air France-KLM to counter French influence was an “unfriendly” move akin to that of a “corporate raider” and is costing money to Dutch taxpayers, a French finance ministry source said. Late on Tuesday, Dutch Finance Minister Wopke Hoekstra said the Netherlands had taken a 12.7 percent stake for 680 million euros ($774 million) and aimed to increase that to about 14 percent, but had not informed France about the move. “The way that the stake was built up was more like that done by a corporate raider, rather than a state shareholder,” said a French finance ministry official on Wednesday. The official also slammed the step as an “unfriendly, surprising move that is extremely detrimental to Air France-KLM financially”. “The Dutch authorities have already lost 70 million euros on their investment. It’s their problem,” the s
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