PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid. "The proceeds of the transaction would enable Air France-KLM and Air France to partially redeem the French state perpetual bonds," the airline said, adding it would not involve any operational or workforce-related changes. An Air France-KLM spokesperson said the deal with Apollo Global Management would not result in the buyout firm taking an equity stake and was "purely financial".
NEW YORK & PARIS, May 16, 2022--Apollo and Sofinnova Partners announces a long-term strategic and financial partnership.
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