Amadeus plans listing

Travel technology giant Amadeus is considering an initial public offering (IPO) expected to involve shares worth $12 billion.

Amadeus has hired investment bank Rothschild to advise on the move, which would see a 30% stake offered on the market.

The Madrid-based group, one of three major global distribution systems (GDSs), is currently controlled by private equity companies BC Partners and Cinven. However, airlines Iberia, Lufthansa and Air France-KLM retain minority stakes that together amount to 46% of the company. The GDSs were originally founded by airlines.

The listing is expected early in 2010 and would be among the largest public offerings for some time.

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