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Amadeus bid confirmed
Saturday, 13 Jan, 2005
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Amadeus has confirmed that venture capital firms BC Partners and Cinven are to launch a bid for the GDS.
As reported, the main airline shareholders in Amadeus – Air France, Lufthansa and Iberia – have selected the two financial institutions as preferred bidders for the company at a price of euros 7.35 per share.
The aim is to de-list the Madrid-based GDS for the stock market, with the three airlines still retaining an interest in the business.
Report by Phil Davies
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