Edizione announces a strategic agreement for the integration between Autogrill and Dufry to create a global company in food & beverage and retail services for travellers

Signed an agreement between Edizione and Dufry for a strategic business combination between Autogrill and Dufry

• Upon completion of the transaction, through the merger of two leading operators in their respective sectors, a global player with combined revenues(1) of more than € 12 billion and a combined EBITDA(2) of about € 1.3 billion (2019 figures - pre-pandemic) will be created, with the aim of developing a new range of products and services while improving and innovating travellers’ customer experience
• As a result of the transaction, Dufry is expected to launch at closing a mandatory tender exchange offer to the market to exchange Autogrill shares for Dufry shares or, alternatively, for cash
• Edizione, which currently owns a 50.3% stake in Autogrill, will become the largest shareholder of the new Group, of which it will hold a stake of approximately between about 25% and 20% at the end of the transaction, depending on the level of subscription to the mandatory tender exchange offer
• Alessandro Benetton will join the new Group Board of Directors as Honorary Chairman with the task of promoting and coordinating institutional relations with the Group's main shareholders
• Gianmario Tondato da Ruos will be appointed Executive Chairman of all the North American activities of the new Group; Enrico Laghi and Paolo Roverato (CEO of Edizione and Chairman of Autogrill respectively) will join the Board of Directors of the new Group with the position of Vice Chairman
• Juan Carlos Torres and Xavier Rossinyol will be respectively Executive Chairman and CEO of the new Group