Autogrill leaves Spain
Motorway activities sold to Areas for 12 million
Autogrill Europe, controlled by Autogrill Spa, has sold to the Areas group 100% of its Spanish operations managed through Autogrill Iberia Slu. This is - explains a note - an operation that is part of the process of optimizing the allocation of capital and refocusing the contract portfolio in the areas and channels with the highest growth potential and prospective profitability. The Spanish activities concern 60 points of sale, predominantly present on the Iberian motorways which in 2019 generated about 80 million euros in revenues.
The value of the sale (Enterprise value) was set at an amount equal to Euro 12 million. The conclusion of the transaction is subject to the necessary approvals by the Spanish Antitrust Authority.
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