EU clears Amadeus Opodo sale

EU clears Amadeus Opodo sale

The European Commission has approved private equity firm Permira and France's Axa to buy travel website Opodo and merge it with other units to create one of Europe's largest online travel agencies.

The merged entity will combine Opodo, previously owned by Amadeus, with Go Voyages and eDreams.

The regulator said there would still be enough competition from airline websites such as Ryanair and Air France-KLM as well as other online travel agencies.

"On the basis of these findings, the Commission concluded that the transaction does not raise competition concerns," it said in a statement.

Amadeus sold Opodo in February in a deal worth 500 million euros.

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