Dufry Agrees to Buy 50.1% of World Duty Free for EU1.3b
2015-03-28 18:31:49.609 GMT
By Marco Bertacche
(Bloomberg) -- Edizione says it reached binding deal with
Dufry for sale of 50.1% of World Duty Free, according to an e-
mailed statement.
* Edizione’s Schema34 to sell stake at EU10.25/shr, ~22%
premium on VWA price in last 6 mths
* Stake sale seen completed in 3Q
* Dufry to launch mandatory bid on remaining WDF shrs
* Edizione, Schema34 have been assisted by Bonelli, Erede,
Pappalardo as legal counsel and by BofA Merrill Lynch as
financial adviser
* WDF has been assisted by Deutsche Bank as financial adviser
* NOTE Feb 21: Dufry Said to Be in Talks to Buy Retailer World
Duty Free
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To contact the reporter on this story:
Sylvia Wier in New York at +1-212-617-8958 or
swier@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2015-03-28 18:31:49.609 GMT
By Marco Bertacche
(Bloomberg) -- Edizione says it reached binding deal with
Dufry for sale of 50.1% of World Duty Free, according to an e-
mailed statement.
* Edizione’s Schema34 to sell stake at EU10.25/shr, ~22%
premium on VWA price in last 6 mths
* Stake sale seen completed in 3Q
* Dufry to launch mandatory bid on remaining WDF shrs
* Edizione, Schema34 have been assisted by Bonelli, Erede,
Pappalardo as legal counsel and by BofA Merrill Lynch as
financial adviser
* WDF has been assisted by Deutsche Bank as financial adviser
* NOTE Feb 21: Dufry Said to Be in Talks to Buy Retailer World
Duty Free
For Related News and Information:
First Word scrolling panel: FIRST <GO>
First Word newswire: NH BFW <GO>
To contact the reporter on this story:
Sylvia Wier in New York at +1-212-617-8958 or
swier@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net