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Dufry to buy Italy's World Duty Free in deal valued at 3.6b euros

Transaction will create world's biggest travel retailer; Dufry to purchase 50.1% stake in WDF at 10.25 euros per share
Monday, March 30, 2015 - 05:50
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Dufry, which last year bought Nuance Group for US$1.7b, plans to make a mandatory offer for the rest of WDF and will launch a share offer to help finance the acquisition.

Milan

SWITZERLAND'S Dufry has agreed to buy a majority stake in World Duty Free (WDF) in a deal which values the Italian firm at 3.6 billion euros (S$5.4 billion) and will make the combined group the world's biggest travel retailer.

Edizione, the holding company owned by the