Amadeus drops on share sales – Suppliers Share Wrap
BC Partners and Cinven led the acquisition of in 2005, buying the firm for EUR4.34 billion and delisting it. Amadeus conducted an IPO on the Madrid Stock Exchange in May-2010, listing 31.9% of its shares, with both Air France and Lufthansa reducing their holdings. Amadeus shares have gained almost 25% over the IPO closing price of EUR11 per share.
Both BC Partners and Civen sold 19.5 million shares at EUR13.50 a share, reducing their respective stakes to 13% (down from 17.4%). Iberia sold 1.5% at the same price, cutting its stake in the company to 7.5%.
Selected Original Equipment Manufacturers daily share price movements (% change): 08-Oct-2010
Selected Aviation Suppliers & Leasing daily share price movements (% change): 08-Oct-2010