Alibaba to Buy Up to 10% Stake in Duty-Free Retailer Dufry [Yahoo! Finance News]
DUFRY AG UNSP/ADR (DUFRY)
NASDAQ:AMEX Investor Relations:
dufry.com/en/investors
Company Research
Source: Yahoo! Finance News
(Bloomberg) -- Alibaba Group Holding Ltd. agreed to buy as much as a 9.99% stake in Dufry AG, giving the Swiss duty-free giant a lifeline as the pandemic hammers the business.Dufry said Monday it’s proposing a capital increase that will raise up to 700 million Swiss francs ($763 million), and Alibaba will participate. Advent International Corp., a private equity company, also plans to invest as much as 455 million francs. Dufry shares surged as much as 16%.The Swiss company said the proceeds from the share sale will help it buy out its Hudson Ltd. U.S. unit, as previously announced.The capital increase will bolster the company, whose market value has dropped to 1.6 billion francs as the shares trade near the lowest in a decade. The companies are also forming a joint venture in China that will combine Alibaba’s digital capabilities and network with Dufry’s travel retail business in that market.Dufry employs about 31,000 people and said in June it plans to reduce personnel expenses by 2
Show less
Read more
Impact Snapshot
Event Time:
DUFRY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DUFRY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DUFRY alerts
High impacting DUFRY AG UNSP/ADR news events
Weekly update
A roundup of the hottest topics
DUFRY
News
- Trump had Stormy Daniels' and Karen McDougal's contact information saved, longtime assistant testifies [MSNBC.com]MSNBC.com
- Defense attempts to poke holes in witness' account of hush money meeting at Trump Tower [MSNBC.com]MSNBC.com
- Global Airport Retailing Market Size To Worth USD 115.2 Billion By 2033 | CAGR of 11.24% [Yahoo! Finance]Yahoo! Finance
- Open Lockers hires new CEO, Jed Sullivan, as the company looks to expand footprint and strategic partnerships [Yahoo! Finance]Yahoo! Finance
- Travel Retail Market Forecasted at $150.38 Billion by 2028, Driven by the Rising Demand for Personalized Shopping Experiences and Growing Utilization of Technology to Enhance Customer Interactions [Yahoo! Finance]Yahoo! Finance