Kango Corporation N. 2 in information (in 48 languages)

Amadeus sells Opodo
Amadeus IT Holding sold 100% of the capital of its subsidiary Opodo Limited to Axa Private Equity and Permira Funds. Subject to the approval of its Board of Directors and of the competition authorities, the agreement includes, as part of the transaction, a 10-year commercial agreement between Amadeus, as a provider of GDS services, and Opodo, eDreams and GoVoyages (controlled by the Permira Funds and funds managed by AXA Private Equity, respectively). It is estimated that the net sum to be received by Amadeus will be approximately 500 million Euros.