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Autogrill SpA to Set Up Newco Autogrill Russia with Novikov Group and Ginza Project

Thursday, 5 Sep 2013 06:39am EDT 

Autogrill SpA announced that through its HMSHost International division, has entered an agreement with Novikov Group and Ginza Project to set up Autogrill Russia, the Newco that will provide food & beverage services at St. Petersburg Pulkovo International Airport. Under the terms of the agreement, the new company (60% HMSHost International, 40% split equally between the two partners), will operate eight points of sale in the airport for seven years. The concession is expected to generate total revenues of around EUR 130 million in the period of fiscal year 2014 to fiscal year 2021. 

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