Amadeus‘s founding airline ownership is slowly eroding away with confirmation that Air France-KLM wants a buyer for around half of its 15% stake in the company.
The airline group says 7.5% of its ownership (around 33.6 million shares) is on the table and at current market prices would be valued at around Euro 480 million ($640 million).
Air France-KLM says the result of the “private placement” will be announced as soon as possible, with Goldman Sachs and Santander acting as co-handlers for the sale.
Read full story at: http://www.tnooz.com/2012/03/01/news/air-france-klm-looks-to-offload-half-of-stake-in-amadeus-could-be-worth-half-a-billion-euros/
