CVC Capital Partners, a buyout company with a stake in Rugby’s Six Nations Championship, is exploring a takeover offer of 6 billion GBP for Avolta, the duty-free Indian trade and travel catering giant.<\/p>\n
Avolta, headquartered in Switzerland, could be the subject of a takeover proposal in conjunction with the family of billionaires Benetton, which holds a major minority stake in the company after the merger of Autogrill and Dufry in 2023.<\/p>\n
Sources close to the situation have stated that CVC would pursue a formal approach to take Avolta privately. However, it is not clear whether members of the Benetton family would participate in a deal. Alessandro Benetton, a former board member of Autogrill, is Avolta’s honorary chairman.<\/p>\n
The global retail area of Avolta sells products from many of the world’s best-known brands, including Apple, Clinique, Tag Heuer, and Lego. The company employs around 75,000 people and operates in 75 countries, including around 1,200 airports and numerous other travel locations.<\/p>\n
CVC declined to comment, while Avolta did not respond to a request for a statement. The shares in Avolta traded on Tuesday afternoon at around CHF 41.16, giving the company a market capitalization of 5.94 billion GBP (5.4 billion GBP).<\/p>\n","protected":false},"excerpt":{"rendered":"
Introduction to Avolta Takeover CVC Capital Partners, a buyout company with a stake in Rugby’s Six Nations Championship, is exploring a takeover offer of 6 billion GBP for Avolta, the duty-free Indian trade and travel catering giant. Background on Avolta Avolta, headquartered in Switzerland, could be the subject of a takeover proposal in conjunction with<\/p>\n","protected":false},"author":1,"featured_media":9604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":{"0":"post-9603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/9603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/comments?post=9603"}],"version-history":[{"count":1,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/9603\/revisions"}],"predecessor-version":[{"id":9605,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/9603\/revisions\/9605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media\/9604"}],"wp:attachment":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media?parent=9603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/categories?post=9603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/tags?post=9603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}