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December 1, 2020

Hudson and Dufry complete previously announced merger

Global travel retailer Dufry has completed the previously announced merger with North American travel experience company Hudson.

Global travel retailer Dufry has completed the previously announced merger with North American travel experience company Hudson.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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In August, Dufry entered into definitive agreement to acquire all equity interests it does not already own in the travel company.

The completion of the deal follows Hudson’s shareholders’ special general meeting held virtually on 30 November.

The proposed merger agreement secured 98.59% of the votes cast at the meeting.

Hudson’s shareholders also voted to approve and adopt the related Statutory Merger Agreement between Hudson, Dufry AG and Dufry.

Under the agreement, Dufry will acquire the rest of Hudson Class A shares for $7.70 per share.

The shares on the New York Stock Exchange were suspended immediately and expected to be delisted in around ten days.

Additionally, Hudson became an indirect wholly-owned subsidiary of Dufry.

In 2018, Hudson sold 57.4% of its ownership to Dufry. The company operates more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations.

Dufry has more than 2,500 shops in 65 countries.

In October, Dufry entered into an agreement to create a joint venture with multinational technology company Alibaba Group to partner in the Chinese travel retail markets.

Dufry Group Julian Diaz CEO said: “We highly value this partnership with Alibaba Group to form a strategic Joint Venture to explore growth opportunities and develop the travel retail business in China. We expect this collaboration to drive growth in Asia and with Chinese customers worldwide with the support of new digital technologies.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.