Amadeus sells Opodo
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Amadeus IT Holding SA has reached an agreement with AXA Private Equity and Permira Funds, for the sale of 100% of the capital of its subsidiary Opodo Limited. The deal is worth approximately EUR450 million (us$613 million) – 11.7 times Opodo’s EBITDA for 2010.
The agreement includes a 10-year commercial agreement between Amadeus, as a provider of GDS services, and Opodo, eDreams and GoVoyages.
The agreement is subject to the approval of the competition authorities.
Comments are closed.