Press Release: Mergers: Commission clears proposed creation of Moneydirect joint venture between Amadeus and Sabre

The European Commission has approved, under the EU Merger Regulation, the creation by Amadeus of Spain and Sabre of the US of Moneydirect, a full function joint venture which will be active in the field of payment processing and clearing systems. Both parent companies also provide electronic travel distribution services to the travel industry through a global distribution system (GDS). The Commission has concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.