Amadeus will offload Opodo

SPANISH travel services group Amadeus is said to be seeking a buyer for its European online travel agent Opodo. JPMorgan has been hired as an adviser and a deal could be announced before the end of the year.

Amadeus, the travel-reservations technology company, has controlled Opodo since 2004 but does not view the holding as strategic. Opodo, which is 99.4 per cent owned by Amadeus, competes with US rivals such as Expedia.

Amadeus, JPMorgan and Opodo declined to comment.