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Wednesday, February 9, 2011

AXA, Permira to buy Opodo for 500 mln eur-paper, (AXAF), (AMA)

AXA Private Equity (AXAF.PA) and Permira [PERM.UL] will on Wednesday agree to buy travel website Opodo from Spain's Amadeus (AMA.MC) for under 500 million euros ($682.4 million), French daily Les Echos reported, citing unnamed sources. The acquisition will serve as the building block for a merger of Opodo with Go Voyages and eDreams, two online travel brands owned respectively by AXA and Permira, Les Echos said. A spokeswoman for AXA Private Equity declined to comment. (Reporting by Lionel Laurent) ($1=.7327 Euro)

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