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Dufry completes acquisition of 49% stake in Hellenic
16
Dec '13
Dufry has completed the acquisition of the remaining 49% equity stake in Hellenic Duty Free. In connection therewith, Dufry has issued 1,231,233 new registered shares which will be listed on the SIX Swiss Exchange.

As announced earlier, Dufry signed an agreement with Folli Follie Group to acquire the remaining 49% of Hellenic Duty Free (HDF), the second step in the acquisition of HDF.

The consideration for the 49% equity stake was paid through a combination of cash and shares. The 1,231,233 new registered shares serving as share consideration were issued from Dufry's authorized capital and transferred to Folli Follie Group on December 13, 2013.

About Dufry Group

Dufry AG is a leading global travel retailer operating almost 1’400 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and downtown tourist areas. 

Dufry employs around 17,000 people. The Company, headquartered in Basel, Switzerland, operates in 45 countries in Europe, Africa, Eurasia, Central America & Caribbean, North America and South America.

Dufry

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