Lufthansa Pension Trust offers Amadeus shares for sale

Lufthansa Pension Trust is offering three per cent of the shares of Amadeus IT Holding, S.A. for sale within a private placement to institutional investors. The planned disposal is a portfolio management transaction by the pension fund to ensure a balanced asset allocation. The 13,472,218 shares will be offered today.

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.

With this step, the stake of Lufthansa Pension Trust in Amadeus IT Holding, S.A. will decline from four to one per cent. However, there is already a long-term forward sale agreement in place for the Pension Fund’s remaining one per cent of Amadeus IT Holding, S.A.

In November 2012, as part of the active management of its holdings, Lufthansa transferred a four per cent stake in Amadeus IT Holding, S.A. to Lufthansa Pension Trust and furthermore sold 3.61 per cent of the shares of Amadeus IT Holding, S.A. With the sale of the shares, Lufthansa Group generated gross proceeds of €307 million in 2012.