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BC, Cinven Sell €613M Amadeus Stake

Private equity firms, Cinven and BC Partners, have sold a part of their stake in Spanish travel company, Amadeus IT Holding.

Private equity firms, Cinven and BC Partners, have sold a part of their stake in Spanish travel company, Amadeus IT Holding, Financial News reports. The combined 10% stake was sold for €613 million at €13.70 per share to institutional investors.

Both Cinven and BC Partners have reduced their respective stakes by 5% each, and currently hold 8% each in Amadeus. Goldman Sachs and Morgan Stanley were the appointed managers of the stake sale.

Click here for the story from Financial News.

Click here for the additional coverage from Reuters.

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