14/09/2007 (Agence Europe) - On 12 September, the European Commission approved the creation by Amadeus of Spain and Sabre of the US of Moneydirect, a full function joint venture which will be active in the field of payment processing and clearing systems. Both parent companies also provide electronic travel distribution services to the travel industry through a global distribution system (GDS). There would be no horizontal or vertical overlaps between the activities of Moneydirect and its...