Milan, 29 January 2003 - Autogrill said it had successfully completed a US$ 370 million bond placement on the US market. The issue was organized through the Group’s North American subsidiary HMSHost Corp. with JPMorgan acting as placement agent and exclusive advisor to the issuer.
The offering attracted considerable interest among institutional investors: subscription applications totaled more than twice the initial amount, which was consequently increased from US$ 150 million to US$ 370 million.
“We see this result as confirmation of the financial community’s confidence in the Group and a clear acknowledgement of the quality of Autogrill management, our corporate value and our future prospects,” said Autogrill Chief Executive Officer Livio Buttignol.
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..