Dutch surprise Paris by taking stake in Air-France KLMEuropost
France was taken by surprise by the Dutch government's sudden purchase of a 12.68% stake in Air France-KLM, news wires reported. Late last Tuesday the Netherlands said it was acting to protect “Dutch interests” and was aiming to match France's 14.3% stake in the airline.
“Buying this stake ensures we have a seat at the table,” Dutch Finance Minister Wopke Hoekstra said of the move, which cost about €680m. The government in Paris was informed of the Dutch move only an hour before a press conference on Tuesday night, and after the shares had been bought.