World Duty Free Europe
World Duty Free S.p.A. Is the holding company of World Duty Free Group, one of the world's leading travel retailers and operates over 500 stores in 21 countries.
Dufry announces that it has entered into a binding agreement with Edizione S.r.l. ('Edizione') to acquire its 50.1% stake in World Duty Free S.p.A ('WDF'). Following completion of the transaction with Edizione, Dufry will launch a mandatory tender offer for the remaining 49.9% outstanding WDF shares. The combination with WDF will enhance Dufry's global position in the travel retail industry.
World Duty Free Europe
World Duty Free Europe Radley Handbags
Dufry expects to generate synergies of up to EUR 100 million1. On a pro forma combined basis, once fully integrated and including planned synergies, Dufry would have generated a turnover of CHF 7.8 billion in 2014 and an EBITDA of more than CHF 1 billion2. The transaction is expected to be value accretive to Dufry shareholders, resulting in a double-digit cash EPS accretion from the second year post-acquisition. Dufry announces that it has entered into a binding agreement with Edizione S.r.l. ('Edizione') to acquire its 50.1% stake in World Duty Free S.p.A ('WDF'). Following completion of the transaction with Edizione, Dufry will launch a mandatory tender offer for the remaining 49.9% outstanding WDF shares.