Dufry and Autogrill announce latest stage in business combination
Dufry has announced that all the required regulatory approvals in relation to the proposed business combination with Autogrill including clearance from all the relevant antitrust authorities, have been obtained without conditions.
Dufry and Edizione expect to close the transfer of Edizione's entire stake of 50.3% in Autogrill to Dufry at the beginning of February 2023.
The two announced last year that they were combining to create a new global travel platform, which will focus on enriching the passenger journey based on experience and innovation. According to the announcement, the platform will bring more integrated and digitalized offerings across travel retail & F&B to provide landlords, airport partners and brands with an enhanced service portfolio.
The combined entity will address 2.3 billion passengers in more than 75 countries in approximately 5,500 outlets across 1,200 airport and other locations.