Autogrill negotiates with Dufry, possible merger

Negotiations going on for one merger between Autogrill and Dufry. The two travel retail groups are undergoing “discussions, without exclusivity restrictions, regarding a possible industrial integration operation”, as confirmed by the group controlled 50.1% by Schematrentaquattro, 100% owned by Edizione, the family’s holding company Benetton. The merger between Autogrill and Dufry, the largest duty free operator in the world, would create a new global giant in the retail and catering sector for travelers, with a turnover of 11 billion euros and a market value of over 6 billion. And the confirmation of the negotiations pushes the shares of the two groups: in Piazza Affari Autogrill marks a jump of 4.87% to 6.85 euros, while on the Zurich Stock Exchange Dufry rises by 3% to 36.21 francs.



Autogrill, explains the company, “is interested in evaluating strategic opportunities with the priority objectives of promoting and developing the group and creating value for all its stakeholders”.

According to rumors, it integration scheme expects Dufry to buy the Italian group by paying in shares. Edition, for its part, is expected to confer its controlling stake in Autogrill, to then proceed with the merger by incorporation of Autogrill into the Swiss group. In the new company, the Benetton family should retain a significant share, estimated at between 20 and 25%.



Source-www.adnkronos.com