Lufthansa sells stake in Amadeus

18th Nov 2012
Lufthansa sells stake in Amadeus

Lufthansa Group has revealed that it has sold 16.2 million shares of Amadeus, reducing its stake in Amadeus from 7.61 per cent to four per cent.

With the sale of the shares, which represents 3.61 per cent of the shares in Amadeus, Lufthansa Group raised gross proceeds of EUR 307m.

Lufthansa Group said in a statement that it is ‘further pursuing its active portfolio management’. Through the sale Lufthansa Group is further ‘strengthening its liquidity position’.

Lufthansa, Iberia and Air France-KLM, all of which are major shareholders of Amadeus IT Holding, S.A., have each agreed to a lock-up period of 90 days for their respective remaining holdings.


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation