Dutch millions for KLM can be used to repay French state aid

This is apparent from the reactions of Minister Kaag (Finance) and Minister Harbers (Infrastructure) to parliamentary questions from various political parties.

Earlier this week it was announced that Air France-KLM will issue new shares for 2.3 billion euros. It wants to strengthen the balance sheet and repay 75% of the aid from the French state. The advantage of the company is that it replaces borrowing with equity, thereby reducing interest costs.

Equal Dutch interests

Currently there are 642,634,034 shares. The Dutch government owns 9.3% of these shares. It wants to keep the same stock to maintain its influence, meaning it will buy 9.3% of the new shares. It concerns about 220 million euros.

There is no control over what is done with money. “It is impossible to say which part of the Dutch pledge will go where, so it is not possible to say whether (part of) it will go to the French state,” the company said.

Source: RTL

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