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Equity

Lufthansa sells, Air-France hedges in €450m ABB

Spain-based online booking firm Amadeus has provided a steady stream of ECM business since its April 2010 IPO but a €449m accelerated bookbuild on Wednesday could be the last that bankers see of it for a while. HSBC won a Rothschild-run competitive process to take the sole-bookrunner slot with an aggressive bid, but closed the book on Wednesday morning without ever sending a coverage message.

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