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Air France-KLM sells Servair and Amadeus stakes

Air France-KLM has finalised the sale of 49.99% of catering firm Servair to Chinese conglomerate HNA Group and raised a further E201m (US$211.4m) by selling a 1.13% stake in Amadeus. HNA Group is buying the Servair shares to support its recent acquisition of major airline catering firm Gategroup, which was transferred to HNA Dec 22. Following the Servair agreement, which was finalised Dec 28, Air France will hand operational control of Servair to Gategroup. The deal values 100% of Servair at E475m. Together Servair and Gategroup have more than 200 facilities, 39,000 employees and 300 airline customers, making it the “global number one in inflight catering, according to Air France-KLM. <br/>