Autogrill: HMSHost acquires CBR Incorporated operations in 9 United States airports

Monday, December 17, 2007 - 11:30

Milan , 17 December 2007 - Through its American division HMSHost, Autogrill Group (Milan: AGL IM) has acquired the assets of CBR Incorporated consisting of 34 specialty retail points of sale at nine U.S. airports. Under the terms of the agreement, an additional 7 points of sale at four airports will be acquired upon receipt of airport consents. The total aggregate consideration to be paid for CBR’s airport operations is expected to be approximately US$23m.