Advent International Corp To Sell Entire Stake In Airport Retailer Dufry AG-Reuters
Reuters reported that Advent International Corp is planning to sell its entire stake in Dufry AG equivalent to about 13% of the Swiss airport retailer's capital. Advent has appointed Morgan Stanley as bookrunner for the placing of the 3.9 million shares, it said in a statement, after the market close. Based on January 15, 2013 closing price of CHF119.10 per share, the entire stake is worth around CHF462 million ($498 million).
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