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Permira, Axa To Bid €500M For Opodo

Permira and Axa Private Equity are seeking to make a joint bid worth €500 million for international travel agency website, Opodo.

Permira and Axa Private Equity are seeking to make a joint bid worth €500 million forinternational travel agency website, Opodo, Financial Times reports. Opodo was put up for sale by the Spanish travel reservation company, Amadeus.

The buy-out duo will acquire Opodo and merge it with eDreams and Go Voyages. U.S. private equity firm, Carlyle, is also considering bidding for Opodo. The auction of the London-based online travel agent is being run by JPMorgan.

Click here for the story from financial Times.

Click here for additional coverage from Reuters.

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