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...The Italian travel retailer agreed to acquire World Duty Free, the chain that operates in UK airports, from Ferrovial and take full control of Aldeasa, a Spanish-based retail operator owned by Altadis, for...
...This week, its Autogrill restaurants unit bought the World Duty Free airport shops business from Ferrovial’s BAA and bought out its part-owned Aldeasa subsidiary for a combined €990m to become the world’...
...The stake in Aldeasa gave Autogrill an extensive presence in European airports and introduced it to duty-free retail....
...However, logistics arm Logista and retailer Aldeasa have been ruled out for now. Whether this strategy has arrived a little late is another matter....
...executive, Grupo Santander; Guillermo de la Dehesa, board director, Grupo Santander, and vice-president Goldman Sachs Europe; Javier Gómez Navarro, president of the chambers of commerce and chairman of Aldeasa...
...Even if that deal never happens, the company looks set to cash in on a simmering bid battle for Aldeasa, the duty free operator in which it holds a controlling 35 per cent stake....
...Aldeasa shares rose 4.4 per cent to €34.46, while those of Autogrill were 1.4 per cent lower at €12.24 and Altadis 1.24 per cent at €33.48....
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