Second European loan from Amadeus
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Amadeus has been granted a second multi-million euro loan from the European Investment Bank (EIB) to fuel its growth in the next two years.
The technology firm has secured EUR150 million (GBP126m, USD196m) which will be used to finance its research and development (R&D) activities in its distribution business.
The company had previously received GBP168m in May 2012 to fuel similar activity in its IT Solutions division. Overall EUR2.4 billion (GBP2bn) has been invested into Amadeus between 2004 to 2012 for its 16 R&D offices.
“This development loan to Amadeus follows on the success of the previous loan, announced in May last year. Again this is in line with our objective of making long-term finance available for sound investment in order to contribute towards EU policy goals,” said Philippe de Fontaine Vive Curtaz, vice president, EIB.