Dufry achieves 87% of Autogrill shares as exchange offer ends

MILAN (Reuters) – Swiss duty-free retailer Dufry has secured Autogrill shares accounting for around 87% of the Italian company’s capital at the end of the exchange offer, Reuters calculations based on bourse data showed on Thursday.

Borsa Italiana said that according to provisional data, the take-up in the offer for the Italian group reached 74.3% of the shares targeted by the bid.

Earlier this year Dufry completed the acquisition of a 50.3% stake from the Benetton family and later launched a mandatory public exchange offer for the remaining Autogrill shares.

(Reporting by Elisa Anzolin, editing Fedderico Maccioni)

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