Vertical fall for World Duty Free stock on the Stock Exchange, which starts the week with a drop of just over 8%, at 10,06 euros per share. The sell-off from investors comes after news of the company's change of hands, sold by the Benetton family to the Swiss Dufry.
In detail, last Saturday Edizione and Schematrentaquattro, the holding company of the Treviso-based group, announced that they had signed binding agreements with the Swiss group for the sale of the 50,1% held by Schema34 in the capital of Wdf.
The selling price, the note specifies, is € 10,25 per share, equal to a total consideration for Schema34 of 1,3 billion of Euro. The price per share represents a approximately 22% premium compared to the average market price of WDF shares in the 6 months preceding Saturday's date.
After the acquisition, Dufry will launch atakeover bid mandatory on the remaining shares of Wdf, as prescribed by Italian law.
Friday last year, before the operation was announced, Wdf had closed at 10,9 euros, after reaching an all-time high of 11,4 euros.
