Goldman, Morgan Stanley Begin Placement Of 6.7% Of Amadeus
April 07 2011 - 4:44PM
Dow Jones News
Goldman Sachs and Morgan Stanley are carrying out an accelerated
bookbuilding offer to place up to a 6.7% stake in Amadeus IT
Holding SA (AMS.MC).
In a filing to the stock market regulator, both banks said
Thursday they will sell up to 30 million Amadeus shares to
qualified investors.
At current market prices, the stake is worth some EUR415
million. Amadeus shares closed Thursday with a 2.1% increase at
EUR13.845.
Goldman Sachs and Morgan Stanley didn't disclose who owns those
shares and said the sale will take no more than one day.
Air France-KLM (AF.FR) is Amadeus' largest shareholder, with a
15.9% stake, followed by Amadecin and Cinven, each with a 13%
holding, according to the regulator's records.
Deutsche Lufthansa AG (LHA.XE) has a 7.9% stake and
International Consolidated Airlines Group SA (IAG.MC) holds a 7.5%
stake. Meanwhile, Singapore's sovereign fund owns a 3% holding in
Amadeus.
-By Pablo Dominguez, Dow Jones Newswires;
enza.tedesco@dowjones.com
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