11-Oct-2010 1:10 PM

10.21% stake in Amadeus sold at EUR13.50/share

Iberia Lineas Aereas de Espana SA, Amadecin SA and Idomeneo SA sold a combined 10.21% stake in Amadeus Global Travel Distribution SA (Dow Jones, 08-Oct-2010). The companies sold a combined 45.7 million Amadeus shares for EUR617 million, equivalent to a price of EUR13.50 per Amadeus share. Air France KLM, Iberia and Lufthansa recently sold control of Amadeus to Cinven Group and BC Partners in a deal valued at EUR4.3 billion. Following the sale, Amadecin and Idomeneo each hold 13% in Amadeus, while Iberia maintains a 7.5% stake in the company. Goldman Sachs International, JP Morgan Securities Ltd and Morgan Stanley & Co International placed shares via an accelerated bookbuilding offer.