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AMADY Amadeus IT Group SA (PK)

66.14
-0.55 (-0.82%)
19 Jul 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
  -0.55 -0.82% 66.14 65.99 66.80 66.66 66.04 66.47 37,171 21:04:04

EU Clears Axa, Permira Online Travel Agency Venture

30/05/2011 5:05pm

Dow Jones News


Amadeus IT (PK) (USOTC:AMADY)
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The European Commission approved Monday the creation of a joint venture between France's Axa and private equity firm Permira which will concentrate their existing online travel agencies.

AXA PE, a private equity firm that belongs to the AXA Group (CS.FR), currently controls GO Voyages. Permira controls eDreams. Together they will acquire Opodo and will create a joint venture to which they will contribute Go Voyages and eDreams. Opodo is currently owned by Spanish travel technology provider Amadeus.

The Commission found there would continue to be sufficient competition within the European Union, including from the likes of Air France-KLM S.A. (AF.FR) and Ryanair Holdings PLC (RYAAY).

-By Laurence Norman, Dow Jones Newswires; 32-2741-1481; laurence.norman@dowjones.com

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