Lufthansa Group said it has sold 16.2 million shares in Amadeus, reducing its stake in the travel technology company from 7.61% to 4%.

The sale raised gross proceeds of about $392 million, “strengthening its liquidity position,” Lufthansa said.

Amadeus shareholders Lufthansa, Iberia and Air France-KLM each have agreed to a lock-up period of 90 days for their respective remaining holdings, Lufthansa said on Wednesday.


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