The proposed acquisition of Italian multinational food and beverage leader Autogrill S.p.A by Swiss global travel retail company Dufry AG has received unconditional approval from antitrust authorities around the world, paving the way for the establishment of a combined entity with 5,500 outlets at 1,200 airport and other locations in 75 countries.
First announced in July 2022, the merger of the two companies will generate combined annual revenue of CHF 13.6 billion revenue (2019 pro-forma) and CHF 1.4 billion EBITDA (2019 pro-forma, pre-IFRS 16) according to projections previously published by Dufry.
Edizione S.p.A., the majority shareholder in Autogrill S.p.A, expects to close the transfer of its entire 50.3 per cent stake in Autogrill to Dufry at the beginning of February 2023.
