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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.
PermiraandAxa Private Equityare seeking to make a joint bid worth €500 million forinternational travel agency website,Opodo,Financial Timesreports. Opodo was put up for sale by the Spanish travel reservation company,Amadeus.
The buy-out duo will acquire Opodo and merge it witheDreamsandGo 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 byJPMorgan.
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