Autogrill and Altadis alliance gains Aldeasa after winning 95.89% acceptance for takeover bid – 18/04/05

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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Aldeasa backs Autogrill takeover – 29/03/05

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Dufry disappointed at Aldeasa result but adamant that valuation was right in view of contract doubts – Julian Diaz – 22/03/05