Advent International Corp To Sell Entire Stake In Airport Retailer Dufry AG-Reuters

Tuesday, 15 Jan 2013 07:18pm EST 

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). 

Company Quote

-0.0105 -22.73%
8:04am EDT