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AXA, Permira Buy €450M Opodo

AXA Private Equity and Permira funds have completed the acquisition of on-line travel agency Opodo Group.

AXA Private Equity and Permira funds have completed the acquisition of on-line travel agency OpodoGroup, The Wall Street Journal reports. The group paid €450 million to Amadeus IT Holdings for the acquisition.

Opodo will be merged with Spanish travel agent eDreams, owned by Permira, and Axa’s Go Voyages, a French company. As per the deal, Opodo will continue to operate and offer their services using their respective brand names, adds AltAssets.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from AltAssets.

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