Low Cost Beds

Opodo deal announced



 

Travel technology provider Amadeus has officially announced the sale of its online travel agent Opodo for E500 million.
 
As reported by Travelmole in January, the buyers are private equity groups Axa and Permira.
 
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.
 
The deal includes an agreement that Amadeus will provide the GDS services for Opodo, eDreams and GoVoyages.
 
The sale is subject to the approval of the competition authorities.
 
by Dinah Hatch


 

Thursday, February 10, 2011



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story
Code Request a new picture 5 characters



NOTE: Comments are subject to admin approval before being posted.
Mole Poll
'More evidence of late booking surge' - Have you seen the surge ?
YES 45.71 %
NO 54.29 %

Thank you for your vote



Get Adobe Flash player
LATEST MOLES' GALLERIES
UPCOMING EVENTS
Sponsored features

The results are in: eco-certification delivers better business for hoteliers

Once again world-class research shows eco-certified hotels are proven to operate more efficiently and attract guests who help them save money and the environment.

Our Green Globe members have for many years reported efficiency gains in resources, particularly energy and water, from 5% to 20% per year. 

For more information about Green Globe and its certification standard and independent audits visit www.greenglobe.com