لخّصلي

On July 11, 2022, Dufry AG and Autogrill S.p.A. announced the combination of Dufry, global leader in Travel Retail, and Autogrill, global leader in Travel Food & Beverage.In accordance with the Combination Agreement in consideration for the transfer of the 50.3 % stake in Autogrill to Dufry, Edizione (through its wholly owned subsidiary Schema Beta S.p.A.) was issued mandatory convertible non-interest bearing notes convertible into an aggregate of 30,663,329 newly issued Dufry shares, at an implied exchange ratio of 0.1581 new Dufry shares for each Autogrill share.First, Dufry expects to realize optimization measures at cost of goods sold level in F&B and convenience with focus on the US. Secondly, Dufry expects to optimize support function costs and reduce business related operating expenses.The Group's global footprint and presence in more than 75 countries will provide an exceptional experience and knowledge within the industry and enable strong, mutual value-creating relationships with concession partners and suppliers. Edizione exercised its conversion right following closing on 3 February 2023 of the transfer and was issued 30,663,329 Dufry shares2 (equal to 25.246 % of Dufry's registered share capital).Considering the additional Dufry shares acquired on the

On July 11, 2022, Dufry AG and Autogrill S.p.A. announced the combination of
Dufry, global leader in Travel Retail, and Autogrill, global leader in Travel Food &
Beverage. The Group’s global footprint and presence in more than 75 countries will
provide an exceptional experience and knowledge within the industry and enable
strong, mutual value-creating relationships with concession partners and suppliers. The Group will employ around 60,000 people from over 150 nationalities globally, united as one team. The new organization is expected to generate cost synergies, comprising both cost reductions and gross profit improvements. First, Dufry
expects to realize optimization measures at cost of goods sold level in F&B and
convenience with focus on the US. Secondly, Dufry expects to optimize support
function costs and reduce business related operating expenses. Synergies are
planned to be fully realized in the first two years post-transaction.
In accordance with the Combination Agreement in consideration for the transfer
of the 50.3 % stake in Autogrill to Dufry, Edizione (through its wholly owned subsidiary Schema Beta S.p.A.) was issued mandatory convertible non-interest bearing notes convertible into an aggregate of 30,663,329 newly issued Dufry shares,
at an implied exchange ratio of 0.1581
new Dufry shares for each Autogrill share.
Edizione exercised its conversion right following closing on 3 February 2023 of the
transfer and was issued 30,663,329 Dufry shares2
(equal to 25.246 % of Dufry’s
registered share capital). Considering the additional Dufry shares acquired on the