Report
Fehmi Ben Naamane

Dufry AG : Dufry-Autogrill merger rumours: strategically viable but hard to imagine

>Rumours of a merger with Autogrill: possible but complicated - According to market sources, Autogrill (world leader in concession catering, mainly on motorways and in airports, principally in the US and Europe), is in talks with several sector players on a possible tie-up. Autogrill, owned by the Benetton family (i.e. 50.1% of the capital), is reportedly in talks with Dufry on a possible merger at the initiative of Dufry to create a global champion in on-site travell...
Underlying
Dufry AG

Dufry is a travel retail company. Co. operates over 1,650 shops worldwide. Co.'s shops are either duty free or duty paid shops, located in airports. Co.'s product categories include: Perfumes and Cosmetics; Confectionery, Food and Catering; Wine and Spirits; Watches, Jewelry and Accessories; Tobacco goods; Fashion, Leather and Baggage; Literature and Publications; Electronics; and Toys, Souvenirs and other goods.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fehmi Ben Naamane

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