Amadeus sells Opodo

AMADEUS has agreed to sell its pan-European online travel agency Opodo to private equity firms AXA and Permira for approximately 500 million euros (US$684 million), subject to approval by competition authorities.

Following the sale, AXA and Permira plan to merge Opodo with their two online travel firms, Go Voyages and eDream.

London-based Opodo was founded in 2001 by a consortium of European airlines including British Airways, Air France, Alitalia, Iberia, KLM, Lufthansa, Aer Lingus, Austrian Airlines and Finnair.

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