Dufry exercises option to buy 20% from minority partner in Brazil | Avolta

Dufry exercises option to buy 20% from minority partner in Brazil

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On 28^thJanuary, 2015, Dufry exercised its option to buy 20% of the equity of Dufry Lojas Francas (DLF) for a total amount of CHF 148 million from its minority partner Brasif Group. After the exercise of the option, Dufry holds 80% of DLF.

DLF is Dufry’s operating entity for new duty free businesses in Brazil, which includes the duty free operations at Guarulhos airport in Sao Paulo.

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