Air France-KLM looks to offload half of stake in Amadeus, could be worth half a billion Euros
03/05/2012|9:36:34 AM|

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.

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