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AMADY Amadeus IT Group SA (PK)

71.38
0.44 (0.62%)
17 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Amadeus IT Group SA (PK) USOTC:AMADY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.44 0.62% 71.38 70.97 71.39 71.43 71.18 71.33 30,278 21:10:00

Amadeus Shares Suspended as Banks Sell Shares Held By Carriers

14/11/2012 8:19am

Dow Jones News


Amadeus IT (PK) (USOTC:AMADY)
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From May 2019 to May 2024

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MADRID--Spain's stock market supervisors suspended trading in shares of travel-technology company Amadeus IT Holding SA (AMS.MC) after European carriers Deutsche Lufthansa AG (LHA.XE, DLAKY) and Air France-KLM (AF.FR) said late Tuesday that they planned to sell shares in the company.

The airlines and banks involved in the transaction said in filings with the Spanish market supervisor on Tuesday that Lufthansa plans to sell more than 16.17 million shares in Amadeus, representing a 3.61% stake. French bank Societe Generale SA (GLE.FR), in turn, intends to sell more than 7.44 million shares, or a 1.66% stake in the company, previously held by Air France.

The trade halt will be lifted at 0900 GMT.

Amadeus has a market value of 8.67 billion euros ($11 billion) and 448 million shares outstanding.

Write to Santiago Perez at santiago.perez@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Amadeus IT (PK) Chart

1 Year Amadeus IT (PK) Chart

1 Month Amadeus IT (PK) Chart

1 Month Amadeus IT (PK) Chart