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COBALT advised Amadeus IT Group on acquiring shares from Estonian Air

2014-02-03

Estonia’s national carrier Estonia Air sold its stake in AS Amadeus Estonia (60% share), which provides Estonian travel agencies with booking systems and support, to Amadeus IT Group. The rest of the shares of Amadeus Estonia belong to Finnish ticket booking company Amadeus Finland OY (35%). By this transaction Amadeus IT Group increases its share in Amadeus Estonia from 5% to 65%.

COBALT Estonia conducted the due diligence prior to the transaction and advised Amadeus IT Group on all legal aspects of the transaction. COBALT Estonia legal team lead by partner Martin Simovart included senior associate Kris Tammistu.

Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry.

Estonia’s national carrier Estonian Air is the biggest operator at Tallinn Airport.