Amadeus seeks buyer for Opodo

A buyer is being sought for online travel agent Opodo by majority shareholder Amadeus.

A sale could be concluded by the end of the year after investment bank JPMorgan was hired as an advisor, according to reports

Amadeus has controlled London-based Opodo since 2004 but does not see the ownership as a strategic future fit.

Opodo, which is 99.4% owned by Amadeus, competes with US rivals such as Expedia, and Orbitz Worldwide.

Amadeus, JPMorgan and Opodo declined to comment.

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