PARIS/AMSTERDAM: Over 89% of the share capital of Dutch airline KLM has been tendered to Air France in a buyout offer which creates the world's largest airline by revenues.
In a joint statement yesterday, the airlines said KLM holders had tendered 41.76 million shares, well above the 70% threshold that Air France said it needed to call the 833mil euro takeover a success. The bid closed on Monday night.
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