Ardian leaves eDreams after 12 years after selling its 15.6% stake

MADRID, 9 Dic.

Ardian leaves eDreams after 12 years after selling its 15.6% stake


Ardian has notified eDreams Odigeo of its departure from the company after placing 15.6% of the shares it owned among institutional investors, as reported by the online travel agency to the National Securities Market Commission (CNMV) this Friday. .

In this way, the Ardian fund leaves eDreams after twelve years as a shareholder of the company.

As a result of this sale, the two members of the board of directors of the company appointed by Ardian, Lise Fauconnier and Daniel Setton, have today resigned as proprietary directors.

"Ardian's decision to leave is due to legal obligations linked to the expiration of the corresponding fund," the tourism group explained.

Permira, which owns 25.1% of the common shares of eDreams, will continue to be a "very supportive" shareholder, according to the company.

Dana Dunne, CEO of eDreams Odigeo, has thanked Ardian for their support over the past twelve years. "They have been exceptional shareholders who have always added value and have helped us a lot in the transition to our successful subscription model," she stressed.

For her part, Lise Fauconnier, Ardian's Managing Director of Buyout Activity, stressed that eDreams is a remarkable business "with significant growth prospects and an excellent management team."

"We are proud to have supported the company in its transition to the subscription model and wish the management team and its shareholders much success in the next phase of growth. The fund in which this investment is held is nearing the end of its term of validity and will be closed once the disinvestment is completed", he explained.