Air France-KLM in talks to sell stake in catering unit to China's HNA

May 30, 2016 9:03 PM

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Air France-KLM in talks to sell stake in catering unit to China's HNA

PARIS Air France-KLM (AIRF.PA) is entering exclusive negotiations with China's HNA Group to sell a stake in its catering business Servair, the Franco-Dutch airline group said on Monday.

A deal to sell 49.99 percent of Servair and transfer operational control to HNA would be based on an enterprise value of the catering unit of 475 million euros ($528.87 million), Air France said.

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