Global investment firm Permira has sold part of its stake in European OTA eDreams Odigeo.
It placed 7.4 million ordinary shares at €7.55, representing 5.8% of the company’s share capital.
The partial sale of Permira’s stake was welcomed by eDreams, enhancing a free float of the company’s shares, paving the way for broader investor participation and enhanced liquidity.
The OTA said: “For the past 15 years Permira has been a very supportive shareholder, playing a key role in eDreams Odigeo’s growth and its transformation into a successful subscription-based business.”
The company “actively participated in the transaction by repurchasing 2.6 million shares as part of its ongoing share buyback programme.
“This initiative underscores the company’s commitment to optimising its capital structure and delivering sustainable long-term value to its shareholders.”
Chief executive Dana Dunne said: “We are very pleased with the exceptional demand and…
