Autogrill, Dufry’s takeover offer from April 14th: €6.33 per share, how it works

The public exchange and offer to buy (OPAS) countdown for Swiss Dufry on Autogrill. Consob has given the green light to the operation, which aims to withdraw Autogrill shares from Piazza Affari, which will begin on April 14. Following Dufry’s acquisition of a 50.3% stake in Autogrill owned by the Benetton family, the bid is intended, according to the documents, to advance the objectives of Strategic integration of Dufry and Autogrillwith the prospect of creating a global group in the retail travel and food and beverage (F&B) sectors.

The compensation offered by the Swiss giant, which operates more than 2,300 duty-free and duty-free shops worldwide, will consist of: Either by Dufry shares or by cash. The selection will be at the discretion of each participating Autogrill contributor. We are talking about 0.1583 Dufry shares or 6.33 euros per share. At the end of the process, it will be born The largest travel shopping group in the world: about 12 billion in revenue, integrated catering services and duty-free services. A giant with a presence in over 60 countries.

The mandatory public exchange offer is promoted exclusively in Italy ed Addressed to all Autogrill shareholders on equal terms. The offer acceptance period, agreed with Borsa Italiana, corresponds to 21 trading days: it will start at 8:30 (Italian time) on April 14, 2023 and end at 17.30 (Italian time) on May 15, 2023. The date on which, excluding any extensions of the period Acceptance will represent the closing of the offer.