Autogrill finalises acquisition of “Frantour Restauration”

Friday, February 5, 1999 - 00:00

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).