Autogrill: European Commission clears acquisition of remaining 49.95% of Aldeasa

Tuesday, April 8, 2008 - 18:03

Milan, 08 April 2008 - The European Commission has cleared the acquisition by Autogrill (Milan: AGL IM) of the remaining 49.95%* of Aldeasa S.A. held by Altadis S.A. as compatible with the EU antitrust law. Conducted through Autogrill España S.A., the transaction brings Autogrill’s stake in the travel retail & duty-free company to 99.90%.

*Autogrill and Altadis each held 5,380,491 ordinary shares with voting rights, ie. 49.95% of the Spanish company’s share capital. In April 2005, the remaining 11,480 ordinary shares were issued in occasion of the merger of Aldeasa with the bidder Retail Airport Finance in exchange for Aldeasa’s residual shares in circulation, because at that time there was no squeeze-out law in Spain.