04/06/2014
Dufry signs agreement to acquire 100% of The Nuance Group – creating significant value and enhancing its global leadership in travel retail
Highly attractive potential synergies of CHF 70 million at Nuance levelCombining Dufry and Nuance will confirm Dufry as the global leader in the airport retail industry reaching 15% of worldwide market share with presence in 5 continents, 63 countries, 239 airports with close to 1,750 shopsStrong fit of Nuance's business complementary with Dufry's operations in the Mediterranean, Europe, Asia as well as the United States and CanadaTotal purchase consideration of CHF 1.55 billion to be financed with CHF 1 billion in equity and CHF 550 million in new debtStrong value creation for shareholders – robustly accretive to cash EPS as of 2015 financial year and double digit accretive thereafter