Amadeus In Talks To Buy Spanish Unit

Spanish travel reservations firm Amadeus said on Friday it was in talks with Iberia about buying the airline's 66 percent stake in their jointly-owned Spanish unit Savia Amadeus.

Amadeus said it estimated the maximum price for the stake in the partnership, through which Amadeus operates in Spain and Portugal, was EUR82.5 million (USD$107.6 million).

Iberia is one of Amadeus's main shareholders, along with Air France and Lufthansa.

The talks with Iberia come after Amadeus bought Air France out of a similar partnership in France at the end of last year. It paid the French carrier EUR85.8 million (USD$111.9 million) for its 66 percent stake in the French national marketing company.

The airlines which control Amadeus are in talks with two private equity firms about forming a new company to buy out all of Amadeus for some EUR4.3 billion (USD$5.61 billion) and to then delist its shares.

(Reuters)