Dufry AG to acquire all remaining equity interest in Hudson Ltd.

On 19 August 2020, Dufry announced that it had signed a definitive agreement pursuant to which Dufry would acquire all the remaining equity interest in Hudson, that it does not already own, for USD 7.70 in cash per Hudson Class A share. Upon completion of the transaction, Hudson will be delisted from the New York Stock Exchange.

Dufry intends to finance the transaction through an equity capital increase by way of a rights issue, which has been fully underwritten by a bank consortium. Niederer Kraft Frey advised UBS AG and Credit Suisse AG as joint global coordinators and joint bookrunners. Dufry will call an extraordinary general meeting in due course to seek the relevant approval from its shareholders to create the required share capital for the rights issue.

The NKF team was led by partners Philippe Weber and Thomas Brönnimann, working with counsel Christina Del Vecchio (all Capital Markets).