1987 – Year of the shrinking market?
Syndicate managers hungry for Euroequity mandates need not bother calling KLM. “We won’t be in the equity market for another four years,’ said chief financial officer Alberda van Ekenstein. “We don’t think the government will sell off any more.’
This March the Dutch government reduced its holding in the company by 18.2% to 36.6%, after outstanding warrants are exercised. The international issue raised over $300 million.
Over the next five years, KLM projects investments and redemptions to amount to about Dfl8.5
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