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Autogrill SpA Announces HMSHost Travel Retail Business in North America Transferred to WDF

Friday, 6 Sep 2013 02:28pm EDT 

Autogrill SpA announced that together with WDF SpA, it has announced the first closing of the acquisition of HMSHost travel retail business activities in North America by WDFG SAU group, for which the authorization of transfer has been granted by landlords. The price agreed by the parties for the first closing is equal to USD 105 million, 87.8% of the total price of USD 120 million agreed for the transfer of 100% of the retail concessions to date managed by HMSHost. Any subsequent closings will be made once the necessary authorization has been granted by landlords. 

Company Quote

0.105 +1.24%
8:53am EST