EDreams ODIGEO ( (ES:EDR) ) has shared an update.
Goldman Sachs International, along with Barclays Bank Ireland PLC and Deutsche Bank Aktiengesellschaft, is facilitating a private placement of approximately 7 million shares of eDreams ODIGEO, representing 5.5% of the company’s share capital, on behalf of investment vehicles owned by Permira Holdings Limited. The placement aims to repurchase up to 20 million euros worth of shares, potentially impacting the company’s share buyback program and market positioning. The sellers have agreed to a 90-day lock-up period for their remaining shares, indicating a strategic move to manage share distribution and maintain market stability.
More about EDreams ODIGEO
eDreams ODIGEO operates in the online travel industry, providing services such as flight bookings, hotel reservations, and vacation packages. The company focuses on offering a wide range of travel options to consumers, leveraging technology to enhance user experience and streamline travel planning.
YTD Price Performance: 2.39%
Average Trading Volume: 3,856
Technical Sentiment Signal: Sell
Current Market Cap: €1.05B
Learn more about EDR stock on TipRanks’ Stock Analysis page.