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Autogrill SpA Approves Transfer Project of Travel Retail & Duty Free Business

Friday, 3 May 2013 11:55am EDT 

Autogrill SpA announced that the Board of Directors has approved the project to transfer to the wholly owned beneficiary company World Duty Free S.p.A. (WDF), the entire share capital held in World Duty Free Group SAU, Spanish company which owns the Group's activities in the Travel Retail & Duty Free sector. The transfer has a primarily industrial scope and the creation of two different groups focusing on their respective sectors of Food & Beverage and Travel Retail & Duty Free should call for better results. The transfer will have to be approved by the Shareholders' Meeting who will meet at a date not later than June 15, 2013. 

Company Quote

-0.135 -2.20%
10:06am EST