Amadeus begins Trading on Spanish Stock Exchanges

Amadeus IT Holding, S.A., the parent company of Amadeus IT Group, S.A., a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry, has begun trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges.

This successful listing is one of the largest European IPOs in recent years and was marked by an event held at the Madrid Stock Exchange, hosted by Antonio Zoido, Chairman of Bolsas y Mercados Españoles (BME), together with David V. Jones, President & CEO of Amadeus.

David Jones said, “The listing is another milestone in the history of the company and underscores the excellent job done over recent years by everyone at Amadeus. Most importantly it demonstrates the degree of trust shown by our numerous customers around the world who use our technology solutions and work in partnership with Amadeus. As we go forward, Amadeus will focus its efforts and resources on strengthening its leadership position and developing its business with a clear objective: to maximise value for our customers and other stakeholders. I would also like to thank investors for their confidence in Amadeus.”

Deputy CEO Luis Maroto, who will become President & CEO of Amadeus in January 2011, added, “We are very pleased with the level of demand registered and the success of the public offering. Amadeus has a solid and proven business model and many investors have honoured us with their support. With this listing, we improve our capacity to invest in the business and boost our competitive edge as a technology provider for the global travel industry.”

Shares in Amadeus were priced at €11.00 per share, representing an equity value of €4.93 billion. The total size of the offering prior to any exercise of the over-allotment option is €1.32 billion, rising to €1.45 billion in the event that the over-allotment option is exercised in full, making it one of Europe’s largest IPOs in recent years.

Prior to any exercise of the over-allotment option, the share capital will be held as follows: 36.28% Amadelux Investments (BC Partners and Cinven), 15.91% Air France, 7.96% Lufthansa, 9.00% Iberia, 3.98% minorities, 0.13% treasury, and 26.74% public. Assuming exercise of the over-allotment option in full, the share capital will be held as follows: 34.67% Amadelux Investments, 15.21% Air France, 7.60% Lufthansa, 9.00% Iberia, 3.98% minorities, 0.13% treasury, and 29.41% public. 

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