PARIS (Reuters) – Air France-KLM on Wednesday said its latest bonds offering, aimed at strengthening its capital and paying back state aid, was multiple times oversubscribed and raised around 305 million euros ($316.22 million).
Major shareholder CMA CGM, a shipping company, participated in the issue pro rata to its 9% equity stake in the company, Air France said in a statement.
The maximum potential dilution will be equal to approximately 7.8% of outstanding share capital, the airline added.
($1 = 0.9645 euro)
(Reporting by Tassilo Hummel; editing by Jonathan Oatis)
