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Opodo sale takes off?
Wednesday, 24 Jan, 2011
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Private Equity groups Axa and Permira are rumoured to be lining up a E500m bid to buy the online travel agent Opodo.
Owner Amadeus admitted last October that it was “exploring and evaluating strategic alternatives” for the OTA and had hired JP Morgan Chase to carry out a market assessment.
Both Permira and Axa already have a stake in the travel industry. The former has money in Spanish OTA eDreams while Axa has invested in French OTA Go Voyages.
Opodo represents around 4% of Amadeus’ revenue.
Amadeus refused to comment on the story.
by Dinah Hatch
Dinah
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