Amadeus shareholders sell 10% stake for EUR613m
Two major shareholders in Amadeus - Cinven and BC Partners - sold a total of 44.76 million shares at EUR13.70 on Friday, according to Goldman Sachs and Morgan Stanley which managed the sale. The sale raised EUR613 million and represent 10% of the Spain-based travel distribution company. Shares in Amadeus were up 0.6% on Monday.
Major movers in aviation suppliers were Expedia, which fell 3.1% and World Fuel Services Corp, down 2.3%. Brendan Airways, the parent of airline USA 3000, added racketeering case against World Fuel Services, in a separate action to the ongoing civil litigation launched in 2007. World Fuel stated the claims are without merit and intends to vigorously defend itself against them.
Selected Others daily share price movements (% change): 11-Apr-2011