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Restructuring brings Opodo closer to a sale
15/01/2007
Spanish technology group Amadeus is reported to be moving towards a sale of Opodo, its online travel agency, after implementing a restructuring of the business's management team. The new system will pass more control to local managers, and a number of senior staff will leave the company by mutual consent. Opodo, which reported losses of €22.8m on a turnover of €145m in 2005, is understood to be worth over £100m.
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