BNP Paribas Take eDreams ODIGEO to Market

BNP Paribas Securities Services was selected to oversee eDreams ODIGEO’s initial public offering (IPO) on the Madrid, Barcelona, Bilbao and Valencia stock markets.

The IPO took placed on April 8, 2014.

Responsible for the IPO’s structuring and centralisation, BNP Paribas Securities Services handled the structuring, management and administration services surrounding the issuance of new eDreams ODIGEO securities. It additionally managed the post-operation services, including the eDreams ODIGEO’s securities and financial services, and the circulation of securities between Luxembourg – where the company is registered – and the Spanish Market.

eDreams ODIGEO’s Chief Financial Officer, David Elizaga, says, “We chose BNP Paribas Securities Services for its ability to provide us with a service in different markets from a single entry point within the bank. The operation was technically highly complex and we are very satisfied with the choice we made.”

Head of Corporate Trust Services at BNP Paribas Securities Services, Pierre Jond, states, “We are committed to building a genuine partnership with our clients and are eager to work with eDreams ODIGEO again.”

“This new operation once again demonstrates our leadership position in Europe in terms of the structuring, management and administration of the securities aspects of initial public offerings and strengthens our positioning in the Spanish market,” added Alvaro Camunas, Head of BNP Paribas Securities Services for Spain, Portugal and Latin America. “It is a great example of our strategy to provide our clients with the best multi-market solutions.”

eDreams ODIGEO holdings include five brands – eDreams, Go Voyages, Opodo, Travellink and Liligo. The company is the largest online travel agency in Europe, and the most profitable European e-commerce company, with more than 14 million customers and a presence in 42 countries.