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Dufry issues IPO to fund new expansion driveDufry issues IPO to fund new expansion drive
1-Dec-2005
SWITZERLAND. Dufry Group has launched an initial public offering (IPO) for 29% of its share capital in a bid to improve funding for its ambitious expansion plans in duty-free markets around the world
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The company hopes to raise SFr358m ($271.2m) by selling 4.2m shares on the Swiss stock exchange at SFr75–85 ($57-64) each. Dufry owner Advent International will retain at least 50.1% of
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