Autogrill buys two duty-free retail firms for EUR 1b

Italian foodservice operator Autogrill said on Monday it has sealed two retail deals in Spain and the UK for a total of EUR 1 bn. The food and catering group has raised its stake in Spanish-based airport duty free retailer Aldeasa to 99.90% from 49.95%. The Milan-based group has also acquired a 100% stake in World Duty Free Europe (WDF) from UK airport operator BAA.

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