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NEWS Last modified on January 29, 2015

Dufry pays Brasif for 20% of Dufry Lojas

Dufry Group has announced it has paid Brazilian minority partner the Brasif Group €143 million for 20% of Dufry Lojas Francas (DLF).

The move effectively confirms Dufry as the 100% owner after exercising its announced option it announced previously to buy the minority interest, and the travel retailer had a deadline of February 2015 to exercise this option.

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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