AVOLTA AG Media Release
Basel, February 6, 2018
Dufry AG Announces Closing of Hudson Ltd.'s Initial Public Offering
Dufry AG (Dufry) announced today that its wholly-owned subsidiary, Hudson Ltd. ("Hudson Group"), has closed its previously announced initial public offering (IPO) of 39,417,765 Class A common shares at a public offering price of $19.00 per share on February 5, 2018. The shares began trading on the New York Stock Exchange on February 1, 2018, under the ticker symbol "HUD." All of the Class A common shares were sold by Dufry International AG, a wholly-owned subsidiary of Dufry, and Hudson Group did not receive any proceeds from the offering. Dufry International AG has granted the underwriters a 30-day option to purchase up to an additional 5,912,664 Class A common shares at the initial offering price, less the underwriting discount.
Dufry intends to retain majority ownership of Hudson Ltd.
Credit Suisse, Morgan Stanley and UBS Investment Bank served as lead bookrunners and as representatives of the underwriters for the offering. BofA Merrill Lynch and Goldman Sachs & Co. LLC also served as bookrunners for the offering. Banco Santander, BBVA, BNP PARIBAS, Credit Agricole CIB, HSBC, Natixis, Raiffeisen Centrobank and UniCredit Capital Markets served as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by telephone at (888) 827-7275, or by e-mail at ol-prospectusrequest@ubs.com.
A registration statement on Form F-1 relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The registration statement on Form F-1 may be accessed through the SEC's website at https://www.sec.gov/edgar.
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