MILAN, Sept 30 Autogrill's food and
beverages business is expected to trade at 5.3 euros per share
from Oct. 1 after splitting off its duty free unit, which in
turn is seen at around 7.0 euros, a Reuters survey of six
analysts showed on Monday.
Italy's Autogrill is spinning off its smaller but growing
travel retail and duty-free unit from its food business, hoping
the move will allow it to sound out market opportunities and
pave the way for possible tie-ups at either company.
World Duty Free Group (WDFG) will be listed on the
Milan stock exchange on Oct. 1.
The forecasts for the food and beverages unit, which will
continue to operate under the name Autogrill, ranged from
4.4-6.0 euros, while the estimates for the WDFG price ranged
from 6.5-8.2 euros.
Autogrill shares, which have gained 30 percent since the
split was approved in May, were at 12.93 euros by 1415 GMT.
(Reporting by Agnieszka Flak and Elisa Anzolin, editing by