28/03/2015
Dufry to acquire World Duty Free
Not for distribution in the United States, Canada, Brazil, Japan or Australia. Earlier today, Dufry has entered into a binding agreement to acquire Edizione's 50.1% stake in WDF for € 10.25 per share. The transaction values WDF at €3.6bn and will trigger a mandatory takeover offer for the remaining shares. Dufry will finance the acquisition through a mix of debt and equity, raised through a rights issue which is underwritten by a group of banks and well-known cornerstone investors.