AccorHotels looks at taking stake in Air France-KLM

AccorHotels said Sunday it was looking again at possibly buying a stake in Air France KLM, in which the French govt has a 14.3% holding. AccorHotels said over the past years it had held discussions with Air France-KLM with a view to develop joint projects, including an acquisition of a minority stake. "AccorHotels confirms having resumed its reflections on the matter, being at very early stage of assessing the feasibility and potential terms and conditions which will be discussed with Air France KLM in due time," AccorHotels said. "There is no certainty that these initiatives will lead to any agreement nor any form of implementation". Newspaper Les Echos reported Sunday that the govt was considering selling its Air France stake and had received interest from the management of AccorHotels. <br/>