Autogrill: sells its hotel and restaurant operations in Dutch motorway service areas

Milan / IT. (aspa) Italy’s Autogrill S.P.A. and Gr8 Investments B.V. announce the closing of a transaction transferring to the latter the Autogrill’s entire participation in Autogrill Nederland B.V., a company that operates hotels and restaurants in a number of Dutch motorway service areas, with annual revenues of around 33 million EUR. The value of the transaction is 22.7 million EUR. On 30 August, Autogrill announced that it had received from Gr8 Investments B.V. an offer to buy the aforementioned business. Following completion of disclosure to and consultation with employee representatives, the transaction was approved by Autogrill’s Board of Directors.