Lufthansa launches placement of shares in Amadeus

Lufthansa Group has launched a placement of 3.61 per cent of the shares in Amadeus IT Holding, S.A. today. This placement represents 16.2 million shares from Lufthansa’s holding, which are offered for sale by way of an institutional private placement. Accordingly, Lufthansa’s stake in Amadeus would decline from 7.61 per cent to four per cent. 
The placement is launched by Lufthansa AITH Beteiligungs-GmbH (AITH), a subsidiary of Lufthansa Group. The transaction will combine the placement of shares from Lufthansa with a placement of up to 7.4 million shares (represents 1.66 per cent) in the context of a hedging transaction by Air France-KLM. Furthermore Lufthansa, Iberia and Air France-KLM, all of which are major shareholders of Amadeus IT Holding, S.A., have each agreed to a lock-up period of 90 days for their respective remaining holdings. Lufthansa will announce the results of its private placement as soon as possible. 
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 four per cent retained by Lufthansa Group is intended to be transferred to the Lufthansa Pension Trust.