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PAI Partners completes acquisition of Stefanel SpA’s 50% shareholding in The Nuance Group

The Nuance Group announced the finalisation of PAI Partners acquisition of Stefanel SpA’s 50% shareholding in the company. Following the transaction, a new Board will be appointed, chaired by Josef Felder.

Elsewhere, shares in Dufry rose 6.7%, recovering after several days of downward momentum.

Selected Duty Free daily share price movements (% change): 18-Feb-2011