Brief: Edizione Signs Deal For Strategic Business Combination Between Autogrill, Dufry

Autogrill SpA

11/07/2022 06:28

July 11 (Reuters) - Autogrill SpA  AGL.MI  and Edizione SpA:
    * STRATEGIC AGREEMENT SIGNED BETWEEN EDIZIONE, DUFRY FOR
BUSINESS
COMBINATION BETWEEN AUTOGRILL, DUFRY TO CREATE A GLOBAL COMPANY
IN FOOD & BEVERAGES, RETAIL FOR TRAVELLERS
    * AGREEMENT CONSISTS OF TRANSFER TO DUFRY OF 50.3% OF
EDIZIONE'S
AUTOGRILL IN EXCHANGE OF 30,663,329 NEWLY ISSUED DUFRY SHARES,
CORRESPONDING TO AN EXCHANGE RATIO OF 0.158 DUFRY SHARES FOR
EACH AUTOGRILL SHARE
    * FOLLOWING TRANSFER OF CONTROLLING STAKE, DUFRY TO LAUNCH A
MANDATORY TENDER EXCHANGE OFFER ON REMAINING AUTOGRILL SHARES AT
SAME EXCHANGE RATIO OR, ALTERNATIVELY, AN EQUIVALENT CASH
COUNTERVALUE OF EUR 6.33/SHR
    * FOLLOWING COMPLETION OF TRANSACTION, EDIZIONE TO BECOME
MAIN
SHAREHOLDER OF NEW GROUP, HOLDING A STAKE BETWEEN 25.2% AND 20%

        
 Further company coverage:  AGL.MI ,  DUFN.S 

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