HMSHost enters into agreement to purchase Cara's Airport Terminal Restaurant Division

  • Operation worth around CAN 62m$, between six and seven times Ebitda
  • Closing of the deal, subject to anti-trust approval, expected in second half 2006
  • Coverage of Canada extended and brand portfolio enriched
Thursday, June 8, 2006 - 15:50

Milan, 08 June 2006 - Autogrill Group (Milan: AGL IM), through its US subsidiary HMSHost Corporation, has entered into an agreement with Cara Operations Limited, Canada's leading provider of integrated f&b services, to purchase its Airport Terminal Restaurants Division (ATR), operating in travel concessions in North America, at an enterprise value of approximately CAN 62m$ (43.5m€*), between six and seven times the Ebitda.

*Yesterday's exchange rate €/CAN $ 1:1,4264