IDI Sells Stake in CDS Group to Founder, Strategic Growth Focus Continues

The latest announcement is out from Institut de Developpement Industriel SA IDI ( (FR:IDIP) ).

Institut de Developpement Industriel (IDI) has announced the sale of its stake in CDS Group, a major European player in business travel solutions, to its founder and CEO Ziad Minkara, who now holds the majority of the capital. The transition involves the support of Andera Partners and sees IDI reinvesting as a minority stakeholder. This strategic move enables the company to continue its growth trajectory, focusing on external expansion and aiming to become a leading global player in business travel tech solutions, with a particular focus on Anglo-Saxon countries.

More about Institut de Developpement Industriel SA IDI

Founded in 2001, CDS Group, now known as S4BT, is a prominent player in the European hotel and business travel sector. The company offers a comprehensive digital platform for business travel management, catering to corporate clients and travel agencies. It operates under four brands and has expanded its presence across six European countries, generating significant annual hotel reservation volumes.

YTD Price Performance: 2.35%

Average Trading Volume: 70

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €502.9M

Learn more about IDIP stock on TipRanks’ Stock Analysis page.