Originally Posted by
ATC Watcher
It was definitively not agreed , French President Macron talked this evening about an hostile move while the Economy minister Le Maire talks about an unfriendly attack. which took everyone by surprise.
Anyway more State involvement is exactly what the new AF/KL CEO wanted to move away from in France , and now that the Dutch State jumped in , this is unlikely to happen .
Or the Dutch government realised after their meeting with Smith and the turmoil around the reappointment of Elbers that the French state still had a very large influence in the company, regardless of what Smith wants.
And with the French state not reducing their stake, the only option was to buy, if the Dutch wanted to, at least, neutralise the French influence.
Result the AF share lost 11% today. Bravo !
It only lost what it had gained in the previous 5 days, most likely a correction and nothing significantly more.