Homburger: Dufry on the successful closing of its combination with Autogrill

Dufry has successfully closed the transfer of the 50.3% stake in Autogrill held by Edizione through a wholly owned subsidiary to Dufry.

Dufry will launch a mandatory public exchange offer for the remaining Autogrill shares (excluding treasury shares) at the same terms as Edizione and with a cash alternative of EUR 6.33 per Autogrill share. The company expects to complete the full transaction including the mandatory exchange offer settlement by the end of Q2 2023.

The combination of Dufry, global leader in travel retail, and Autogrill, global leader in travel food & beverage (F&B), creates a unique, integrated travel experience player. Through the closing, Edizione – holding a stake of about 27.5% – has become the largest Dufry shareholder, joining Dufry’s other long-standing shareholders, and Alessandro Benetton has become Honorary Chairman of Dufry, while Juan Carlos Torres continues as Chairman of the new enlarged company.

Homburger acted as transaction counsel to Dufry. The team comprises partners Andreas Müller (pictured left), Frank Gerhard (pictured right), associate Oliver Kneubühl and Carlo Sulser (all corporate / m&a; capital markets), Jürg Frick, Eduard De Zordi, Alexander Wherlock and Nathalie Scherrer (all financing and investment products/capital markets), Dieter Grünblatt and Reto Heuberger (both tax), and Nicole Hilpert as well as Angela Casey (employment and executive compensation).