We advised Dufry in the Finnish aspects of its EUR 3.6 billion potential acquisition of World Duty Free.
Switzerland-based consumer retail company, launched a mandatory offer for World Duty Free SpA [BIT:WDF], listed Italy-based consumer retail company, after the completion of a 50.1% WDF stake acquisition from Edizione S.r.l, the Italy-based company holding a diversified industrial and commercial group. Dufry agreed to acquire 50.1% Edizione stake in WDF. Upon completion Dufry launched a mandatory tender offer for the 49.9% remaining shares of WDF. The transaction was structured as a cash mandatory takeover offer under Italy’s applicable laws and regulations.
We acted as Finnish counsel to Dufry on the transaction.