Jan 15 Private equity firm Advent International
is planning to sell its entire stake in Dufry AG,
equivalent to about 13 percent of the Swiss airport retailer's
Advent has appointed Morgan Stanley as bookrunner for the
placing of the 3.9 million shares, it said in a statement on
Tuesday after the market close.
Based on Tuesday's closing price of 119.10 Swiss francs per
share, the entire stake is worth around 462 million Swiss francs
Dufry, which is listed in Switzerland and Brazil
, operates duty free stores in 45 countries.
Advent first invested in Dufry in 2004 and in 2008 merged it
with its U.S. travel retailer Hudson by means of a share swap.