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Amadeus IPO to raise €910m
Monday, 15 Apr, 2010
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The Spanish flotation of Amadeus is to be finalised with the start of trading in the company’s shares at the end of the month.
The Spanish Financial Securities Markets Regulator has approved and registered the Initial Public Offering prospectus.
The expected date for the start of trading of the company’s shares on the Madrid, Barcelona, Bilbao and Valencia stock exchanges is April 29.
The placing is due to raise €910 million and values Amadeus at between €7.3 billion and €8.4 billion.
Intercontinental Hotels chairman David Webster is among new independent members of its board of directors.
Amadeus president and CEO David Jones said: “Amadeus is a diverse, robust and resilient travel transaction processing and technology solutionsbusiness, and we are the clear global leader in our marketplace.
“We have a track record of delivering profitable growth and have a sound strategy to continue our development into the future.
“The IPO represents an important and exciting milestone for Amadeus and will enhance our ability to invest in the business and drive competitive advantage.”
by Phil Davies
Phil Davies
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