Aelia seeks to buy The Nuance Group's shares in Duty Free Paris
Travel retail and duty free operator Aelia has submitted an offer to The Nuance Group for its shares in Duty Free Paris, the joint venture company equally owned by Aéroports de Paris (AdP) and Nuance. Duty Free Paris operates at Paris-Charles de Gaulle and Paris-Orly airports.
Aelia, The Nuance Group and Aéroports de Paris have a two-month exclusivity agreement to negotiate the terms of a possible acquisition.
Dufry announced plans to open a further 10,000sqm of space in 2011. This will include retail travel openings in Latin America and the Caribbean, comprising Aruba, St Kitt's, Dominican Republic, Jamaica, Martinique and Brazil, in the French West Indies. New openings will also be made in Africa (Rabat) and Europe, in Itay, Russia and Serbia. Shares in Dufry climbed 3.9% on Friday.
Selected Duty Free daily share price movements (% change): 26-Mar-2011
