Dufry to seek opportunities at Spanish airports

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The retailer will continue to target the Spanish market despite its withdrawal from the Aldeasa bidding

Dufry Group has acknowledged the result of the Aldeasa bidding process and has pledged to review forthcoming airport concession opportunities in Spain "and act accordingly". In a statement issued after the deadline for improved bids set by Spanish stock market regulator CNMV passed last night, Dufry reiterated that it had tabled a well-thought bid.

"Our offer was valued based on our industry expertise and sector leadership, according to our in-depth understanding of the business model," the statement read. "We believe that our offer has been correct in all respects."

According to a CNMV announcement following the close of trading on the Madrid bourse yesterday, Autogrill subsidiary Retail Airport Finance increased its offer from €33 ($44) to €36.57 ($48.76) per share. Dufry Group did not raise its €31 ($41.33) per-share bid.