Lane Fox sold her shares in at 230p as the dotcom survivor's shares continue to rise on the back of a series of acquisitions during a period of continued consolidation for the online travel sector.
Lastminute shares jumped more than 7% in February as it reported a 31.2% fall in first-quarter losses. Its shares hit 221.75p and have continued to rise since.
Last week alone Lastminute.com offered to acquire the Online Travel Corporation for 拢55m, as well as Gemstone Travel, a call centre-based travel agent and online tour operator. In January Lastminute paid 拢12.1m for UK hotel booking agency First Option Hotel Reservations.
After selling 20% of her shares, or 0.66% of the company, Lane Fox retains 8.2m shares or a 2.7% stake.
Lane Fox, who stepped down from the business at the end of 2003, quickly re-emerged at Selfridges' owner Westons as the right-hand woman of Galen Weston.
The move was facilitated by Royal Mail chairman Allan Leighton, who sits on the boards of Lastminute and Selfridges, as well as numerous other companies.
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