SPAIN. As expected, the joint venture bid by Altadis and Autogrill for Spanish travel retailer Aldeasa has gained overwhelming shareholder acceptance.
The joint venture, Retail Airport Finance, said its bid has gained acceptance from shareholders representing 95.89% of Aldeasa’s holding.
The acceptance includes lead shareholder Altadis’ 34.58% stake.
Retail Airport Finance last month offered €36.57 per share to Aldeasa’s shareholders.
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That figure was generated from 775,000 purchases made by 165,000 shoppers, up +11.8% and +34.1% year-on-year respectively.
As reported, the two retail powerhouses topped the bids in the tender results announced on 22 December after bids closed three days earlier.
On a landmark day for Indian aviation, Adani Enterprises Limited Chairman Gautam Adani personally welcomed passengers from the inaugural flight and interacted with airport staff, frontline workers and first-time flyers.
