Opening day lift-off for Dufry South America shares – 21/12/06

BRAZIL. Dufry South America shares surged in value on the company’s first day of trading on the São Paulo Stock Exchange, Bovespa, on Wednesday.

By the close of trading, shares in the Brazilian unit of the Swiss airport retailer had increased +9.05%, to a day’s high of BRL29.50 (US$13.67).

The offer price was set at US$12.50 following an offer period for the shares that ended on 19 December. Dufry Group will retain 51% of the shares and the free float is for 49%.

The share performance compared favourably with that of the overall market: Ibovespa, the Brazilian Stock Exchange index, finished trading at 43,502 points, down -0.20%.

MORE STORIES ON DUFRY

Dufry sets South American IPO price at US$12.50 a share; values division at US$813 million – 19/12/06

Dufry links with Costa Coffee as Sharjah Airport’s commercial expansion gathers pace – 13/12/06

IPO of Dufry South America to drive airport and cruiseline growth; group sales to exceed CHF1.4 billion in 2006 – 04/12/06

Dufry turnover rises +49% in first nine months; price set for next week’s IPO of Dufry South America – 01/12/06