Travel-reservation firm Amadeus postpones share offer until next year
Article Abstract:
French travel-reservation firm Amadeus Global Travel Distribution S.A. announced the postponement of its planned initial public offering. Amadeus' bookrunner, Warburg Dillon Read, maintains that shareholders would announce the IPO on an appropriate date in 1999. The company was established in 1987, and is considered as one of the most profitable reservation agencies due to its $1.2 billion sales in 1997. Amadeus is owned by Air France, Iberia Airlines and Lufthansa, each having 29.2% stake in the company, and Continental Airlines possessing the remaining 12.4% stake.
Comment:
Postpones plans for IPO while shareholders select an appropriate date in 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Danone begins to sour on ventures in China: food maker aborts Mengniu deal, plans more direct strategy
Article Abstract:
French food firm DANONE Group and China Mengniu Dairy Co. have dropped plans for a joint venture in China, citing failure to agree on terms after a year of negotiations to make yogurt and other dairy products.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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