AMADY Amadeus IT Group SA (PK)

   By Ruth Bender 
 

PARIS--Air France-KLM (AF.FR) Wednesday said it is selling part of its stake in Spain's Amadeus IT Holding related to a hedging deal, leaving the airline with a stake of around 2.2% in the company.

Air France-KLM said it is selling 6.2 million shares, or around 1.4% of its capital, in Amadeus in an institutional private placement via Deutsche Bank as part of the company's risk management strategy.

"This transaction will allow the group to protect the value of these shares, while continuing to benefit from the potential upside on the price of its remaining shares," Air France said in a statement.

The Franco-Dutch airline said it has agreed on a 30-day lock-up on its remaining stake.

-Write to Ruth Bender at ruth.bender@wsj.com

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