Amadeus Says Goodbye to Rumbo, Sells it to Spain’s Orizonia

Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50 percent of Rumbo will continue to be owned by Telefónica, the Spanish telecommunications company.

Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector.

The other 50 percent of Rumbo will continue to be owned by Telefónica, the Spanish telecommunications company. Orizonia and Telefónica have applied to the EU competition authority for approval of the agreement; the authority is expected to give its judgment within approximately four weeks.

“We are very pleased with the acquisition of Rumbo and the alliance with Telefonica which it implies,” comments Gabriel M. Subías, CEO, Orizonia Corporación. “This is a very important step in the consolidation of our new online division and we are very proud to now be working with Rumbo on this exciting project.”