Avolta buys 51% stake in Caribbean operator Penha Duty Free Group
Reuters2026/08/07 04:30Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Avolta took a 51% stake in Penha Duty Free Group, a Caribbean duty-free operator with 25 points of sale.
- Penha operates across airports, cruise ports, and downtown locations under long-term concessions with a weighted average remaining term above 10 years.
- The business generated about CHF 47 million of revenue in 2025.
- The deal was funded from cash on the balance sheet, with leverage impact below 0.01x.
- The structure includes a contractual pathway for Avolta to reach 100% ownership.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avolta Ltd. published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2378984_en) on August 07, 2026, and is solely responsible for the information contained therein.
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