Autogrill acquires Passaggio

Revenues of 167 million euros and a bridgehead into Germany and Austria

Tuesday, December 19, 2000 - 00:00

Milano , 19 December 2000 - Autogrill, the restaurant services provider controlled by the Benetton family, has reached an agreement with Switzerland’s Bon appétit group to acquire 100% of Passaggio Holding AG, a Zurich-based company leader in restaurant services in airports, railway stations and motorways in Switzerland with combined turnover of 167 million euros in 1999, EBITDA of approximately 13 million euros and 2.600 employees. The operation has been illustrated during a joint Bon appétit and Autogrill press conference in Zurich this afternoon at 2 p.m.