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Autogrill SpA Considering Possible Merger of Unit With SSP-DJ

Thursday, 9 May 2013 07:40am EDT 

Dow Jones reported that Autogrill SpA will look at the possibility of merging its food and beverage operations with that of U.K. peer Select Service Partner, or SSP, once Autogrill completes the partial spin-off of one of its two businesses. Autogrill aims to complete the partial spin-off by September. It will put its duty-free shops and other retail operations into a new company called World Duty Free SpA. As for its food and beverage operations, Autogrill is considering reducing its presence in Italy where its operates a wide network of restaurants along the country's highways, said these people on condition of anonymity, according to MF-Dow Jones. 

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17 Apr 2015