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AGL Autogrill SPA

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Share Name Share Symbol Market Type
Autogrill SPA BIT:AGL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Aena to Sell Duty-Free Stores' Operating Licenses

07/12/2012 1:31am

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Spain's state-owned airport operator Aena Aeropuertos will begin next Monday the sale process of operating licenses of its duty-free airport stores in Spain, reports El Mundo in its Friday Internet edition.

Aena expects to raise some 6.7 billion euros ($8.7 billion) from the sale of seven-year concessions, extendable for another three years, and which will be used to partially cutback a debt of close to EUR13 billion, the paper adds.

Europe's five biggest duty-free operators--Autogrill SpA's (AGL.MI) World Duty Free, Germany's Heinemann, Dufry, Nuance Group-Areas and Lagardere's Sigma--are likely to participate, according to El Mundo.

Newspaper website: www.elmundo.es

Write to Enza Tedesco at enza.tedesco@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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