Lufthansa Pension Trust has successfully placed approximately 13.5m shares of Amadeus IT Holding, S.A. by way of an institutional private placement. With the sale of the shares, which represents 3% of the shares in Amadeus IT Holding, S.A., the pension fund raised gross proceeds of €388m. Accordingly, the Lufthansa Pension Trust’s stake in Amadeus will be reduced from four per cent to approximately one per cent. To facilitate this transaction, Lufthansa Pension Trust has agreed to a lock up period of 90 days for its remaining stake. The co-shareholder Air France Finance has committed to a lock up period of 30 days regarding its shares of Amadeus IT Holding, S.A. The disposal of the Amadeus shares is a portfolio management transaction by the pension fund to ensure a balanced asset allocation. In November 2012, as part of the active management of its holdings, Lufthansa transferred a 4% stake in Amadeus IT Holding, S.A. to Lufthansa Pension Trust and furthermore sold 3.61% of the shares of Amadeus IT Holding, S.A. With the sale of the shares, Lufthansa Group generated gross proceeds of €307m in 2012.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada