Alpha Group

Having already acquired 42.7% of the share capital of Alpha Group, one of the main UK airport f&b and retail operators, on 4th June 2007 Autogrill announced it was making a cash tender offer for the remaining Alpha Group stock, as required under the City Code of Takeovers and Mergers, at 110 pence per share.

Autogrill in the UK market concessions

On 11th June 2007, the Company acquired the remaining 16,005,994 shares in Alpha Group held by Servair S.A. (Air France Group) plus another 18,668,531 all at 110 pence per share, in cash, totalling 109,824,908 shares, or 62.4% of the stock of the UK company. Further operations raised Autogrill’s interest to 65.5%. On 2nd July 2007, the Company has posted the Offer Document containing the full terms and conditions of the cash takeover bid for the outstanding share capital of Alpha at 110 pence per share.

Alpha Group info

In 2007 Alpha Group:
  • One of the main airport and in-flight f&b and retail operators in the UK
  • The UK's biggest in-flight caterer, with a significant presence in London-Heathrow.&nbsp
  • It had two divisions: Alpha Airport Services (47 airports in 13 countries) and Alpha Airline Services (over 100 airlines in 12 countries.

The closing of the offer

As of 15th August 2007, Autogrill’s stake in Alpha Group reached 97,8%. The Company announces the closing of its Offer and and that it will now take steps to procure the making of applications by Alpha Group for the de-listing of Alpha Group Shares from the Official List and from the London Stock Exchange's market for listed securities.

Since acceptances have reached the 90% threshold, Autogrill acquired compulsorily all of the outstanding Alpha Group Shares in respect of which valid acceptances have not yet been received (Squeeze-out).

This operation makes Autogrill an important operator in the concessions market in the UK and extends its global presence in the airport channel.

On 8th October 2010 Autogrill reached an agreement with Dnata, a Dubai-based airport services company, over the sale of 100% of its UK subsidiary Alpha Flight Group Ltd., a provider of flight catering services. The disposal was closed on 31st December 2010.

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Important Notice

The recommended mandatory cash offer for Alpha Airports Group Plc by Autogrill S.p.A. (the "Offer") is not being, and will not be, made, directly or indirectly, in or into, or by use of the mail of, or by any means or instrumentality (including, without limitation, by means of telephone, facsimile, telex, the Internet or other forms of electronic communication) of interstate or foreign commerce of, or any facilities of a securities exchange of, Australia, Canada and Japan and any jurisdiction where extension or acceptance of the Offer would violate the law of that jurisdiction or require registration (a “Restricted Jurisdiction”) (but which, for the avoidance of doubt, shall not include the USA where the Offer is made pursuant to an exemption from US tender offer rules provided by the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder) if to do so would constitute a violation of the relevant laws of such jurisdiction, and the Offer will not be capable of acceptance by any such use, means, instrumentality or facility, or from or within any Restricted Jurisdiction.By clicking on the button that follows, you are confirming that you are not located in a Restricted Jurisdiction and that your receipt, review and acceptance of the Offer Document will not violate the prohibitions described in the paragraph above.

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