Beaucaire
Topic Author
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Joined: Sun Sep 14, 2003 4:48 am

AF And Aeroflot Into Jont Bid For AZ..

Fri Apr 06, 2007 6:39 pm

Air and Cosmos (french edition) is reporting that Aeroflot and Air France would start discussions related to a joint bid for AZ via the Banco Unicredit offer.
Both are members of Skyteam . In the past Air France has consistently denied any intentions regarding AZ,but now even serious economic papers in France speak about the possibility. (Les Echos,L'Expension ,L'Echo Touristique..)
Nex week should be crucial for the final approach of the bidders,since April 12 is the deadline for the offers.
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RE: AF And Aeroflot Into Jont Bid For AZ..

Sat Apr 07, 2007 1:34 am

Quoting Beaucaire (Thread starter):
April 12 is the deadline for the offers

I think it is April the 16th

Quoting Beaucaire (Thread starter):
In the past Air France has consistently denied any intentions regarding AZ,

They (AF) actually are not in the position to consistently deny it, since they already own a 2% of the italian carrier and the agreement (still in place) between the two companies includes an eventual big reciprocal stock takeover, where essential condition is the privatisation of AZ.
Also, at the time when the government decided to sell Alitalia I read on "La Repubblica" and "Corriere della Sera" that Air France -when asked why after deciding not to unveil its intentions at the first- declared to be sure to jump in with its offer, if someone would have done it first.
And this is what happened...

Regards,

V

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