Global investment firm Permira has partially divested its stake in European online travel agency eDreams Odigeo, selling 7.4 million ordinary shares at €7.55 each. This sale accounts for 5.8% of the company's total share capital.

The move has been positively received by eDreams, as it increases the free float of shares, allowing for greater investor participation and improved liquidity. eDreams acknowledged Permira's support over the past 15 years, highlighting its role in the company's growth and transformation into a subscription-based business.

As part of this transaction, eDreams repurchased 2.6 million shares through its ongoing buyback program. This action reflects the company's commitment to optimizing its capital structure and delivering long-term value to shareholders.

CEO Dana Dunne expressed satisfaction with the strong demand from investors, emphasizing that the transaction broadens the shareholder base and enhances liquidity. He noted that the market's enthusiasm underscores the value being created and the strength of eDreams' strategic direction.

Permira partner Benoît Vauchy praised eDreams Odigeo as an exceptional business with significant growth potential and a strong management team. He expressed pride in having supported the company's transition to a subscription-based model and remains confident in its future prospects. Vauchy stated that the transaction highlights eDreams Odigeo's remarkable performance and the value it continues to deliver.