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).
Effective as from November 1st, 2023, the company Autogrill S.p.A. was merged into the company World Duty Free S.r.l., which at the same time was transformed into a joint-stock company with the name World Duty Free S.p.A..
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As a result of the aforementioned corporate transaction, the content and information published on this website are intended to be current as of November 1, 2023, after which they have not been updated.
For information and updates regarding Autogrill's Italian business, please consult the official website of Autogrill Italia S.p.A., available at www.autogrill.it