Amadeus Shares Suspended as Banks Sell Shares Held By Carriers
14 November 2012 - 7:19PM
Dow Jones News
MADRID--Spain's stock market supervisors suspended trading in
shares of travel-technology company Amadeus IT Holding SA (AMS.MC)
after European carriers Deutsche Lufthansa AG (LHA.XE, DLAKY) and
Air France-KLM (AF.FR) said late Tuesday that they planned to sell
shares in the company.
The airlines and banks involved in the transaction said in
filings with the Spanish market supervisor on Tuesday that
Lufthansa plans to sell more than 16.17 million shares in Amadeus,
representing a 3.61% stake. French bank Societe Generale SA
(GLE.FR), in turn, intends to sell more than 7.44 million shares,
or a 1.66% stake in the company, previously held by Air France.
The trade halt will be lifted at 0900 GMT.
Amadeus has a market value of 8.67 billion euros ($11 billion)
and 448 million shares outstanding.
Write to Santiago Perez at santiago.perez@dowjones.com
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