Milano , 05 February 1999 - Autogrill said today that the proposed acquisition - through its French subsidiary UPA - of Frantour's catering operations in French railway stations had been approved by the French Authorities and that the transaction had been closed.
The transaction value amounts to 320 million French francs (equivalent to approximately 94.5 billion Italian lire, or 48.8 million Euros) on a debt-free basis, subject to adjustments after financial audit. The net financial debt as of 31 of December 1998 amounts to an estimated 46 million French francs (13.8 billion lire, or 7 million Euros).
The company Autogrill S.p.A. was merged into the company World Duty Free S.r.l. effective as from November 1st, 2023 .
At the same time, the company World Duty Free S.r.l. was transformed into a joint-stock company with the name World Duty Free S.p.A..