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Autogrill SpA Updates on Demerger of Autogrill SpA in Favour of World Duty Free SpA


Wednesday, 25 Sep 2013 02:39pm EDT 

Autogrill SpA announced that on September 23, 2013 Borsa Italiana approved the listing of World Duty Free SpA (WDF) ordinary shares on the Mercato Telematico Azionario (electronic stock market). Consob on September 25, 2013 issued its equivalence judgment regarding the Information Document on the demerger, authorizing its publication for the purposes of the listing of WDF shares on the Mercato Telematico Azionario organized and managed by Borsa Italiana SpA. The execution of the deed of proportional partial demerger of Autogrill in favour of WDF is scheduled for September 26, 2013. Under the demerger operation, the participation representing the entire share capital of WDFG SAU (the holding company of the Travel Retail & Duty Free business) held by Autogrill will be assigned to WDF. Following the filing of the deed of demerger with the relevant Companies Register, the demerger is expected to come into legal effect on October 1, 2013, the same date on which WDF shares will start trading on the Mercato Telematico Azionario. 

Company Quote

6.36
0.23 +3.75%
23 Dec 2014