Duty-free retailer Avolta to acquire Free Duty

CTF Services

24/09/2024 09:33

Sept 24 (Reuters) - Swiss duty-free retailer Avolta
 AVOL.S  announced on Tuesday it would acquire 100% of Free Duty
from Hong Kong based NWS Holdings  0659.HK .
    The acquisition would be entirely funded with cash, with no
equity or additional financing arrangements required, the
company said in a statement.
    Avolta shares were up 3.3% following the news.

 (Reporting by Anastasiia Kozlova and Amir Orusov; editing by
Matthias Williams)
 ((Anastasiia.Kozlova@thomsonreuters.com;
Amir.Orusov@thomsonreuters.com))