Permira, France’s Axa Get Approval for Opodo Deal

Buyout shop Permira and France’s Axa have gotten the go-ahead from European regulators to buy travel website Opodo and merge it with other units to create one of Europe’s largest online travel agencies, Reuters reported.

(Reuters) – European regulators approved private equity firm Permira and France’s Axa to buy travel website Opodo on Monday and merge it with other units to create one of Europe’s largest online travel agencies.

The merged entity will incorporate Opodo, previously owned by Spanish travel technology company Amadeus , with Go Voyages and eDreams, creating one of the Internet’s biggest online booking and travel agencies.

But the European Commission, which regulates competition in the European Union, said there would still be sufficient competition from Air France, Alitalia, easyJet and Ryanair, as well as other online travel agencies such as Expedia.

“On the basis of these findings, the Commission concluded that the transaction does not raise competition concerns,” it said in a statement.