Lufthansa has sold a 3.61% stake in Amadeus for €307 million. The airline group retains a 4% shareholding in the IT firm.
Lufthansa sold the 16.2 million shares via an institutional private placement.
“With this step Lufthansa Group is further pursuing its active portfolio management. Through the intended partial sale of this financial investment and the realized increase in value, Lufthansa Group will further strengthen its liquidity position. The shareholding of 4% retained by Lufthansa Group is intended to be transferred to the Lufthansa Pension Trust,” the airline said in a statement.
Lufthansa sells stake in Amadeus
