French state to up its stake in Air France-KLM

The move, in a plan to keep key firms under French control, is for an extra 5.1 million shares at 46m euros, and follows similar move at Renault.

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The French state will increase its stake in national carrier Air France-KLM Group to gain more voting power after making a similar move with Renault as it seeks clout over key industries, reports Bloomberg.