Lufthansa sells 16.2mn Amadeus shares

Lufthansa Group’s stake reduced from 7.61 to 4%

Lufthansa Group has raised €307 million by successfully selling 16.2 million shares in Amadeus IT Holding SA, representing 3.61% of the shares in the Madrid-based global distribution system and IT solutions company. Accordingly, Lufthansa’s stake in Amadeus will be reduced from 7.61% to 4%.
With this step Lufthansa Group says it is further pursuing the active management of its portfolio and “strengthening its liquidity position”.
At the same time, Air France-KLM is selling 1.66% of Amadeus share capital, reducing its stake to 2.68% of the company.
Lufthansa, Iberia and Air France-KLM – all of which are shareholders in Amadeus – have each agreed to a lock-up period of 90 days for their respective remaining holdings.
[photo courtesy Lufthansa]


Check Also

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

Infare, Harald Eisenaecher, appointment, management, Lufthansa, Sabre, airfare, pricing, intelligence, technology

Top executive joins Danish airfare intelligence firm

Danish provider of intelligence worldwide appoints Sabre and Lufthansa veteran.

Aviator, ground handline, Wideroe, lose, customer, Air France-KLM, Norway, airports, security, baggage

Airport handler Aviator loses major airline

The pan-Nordic airport handling provider loses a contract with an important customer to a competitor.

Iberia, London, Madrid, flight, Nicaragua, Managua, new, route, Central America, beach, adventure, trekking, surfing, Granada, tourism, travel

Iberia confirms new route to Nicaragua

Nicaragua is becoming a popular adventure and cultural tourist destination.

Gunnar Garfors, Norwegian, record, fly, round the world, airlines, flights, Sydney, Emirates, Iberia, Copa, Qantas, Dutch

Norwegian man sets round-the-world record

Passenger sets new Guinness World Record for travelling the world on scheduled flights.

KLM, Air France, Sweden, market, sales, manager, Växjö, Martin Kotte

New AF-KLM sales manager for Sweden

A new sales manager wants to improve the group’s partnership with agents and companies.