Marie-Joseph Malé (Air Austral) negotiates a complete divestment from Air Madagascar with Rajabali and CNAPS
One last point of contention between the industrial group and Madagascar’s social security agency halts the Reunion Island airline’s divestment process.
11/02/2020 at 18h07, by Africa Business+
With a 44% stake in Air Madagascar since it signed a strategic partnership agreement with the Malagasy state, Air Austral, headed by Marie-Joseph Malé, is currently negotiating its complete divestment from the share capital, according to Jeune Afrique Business+’s sources.