Milan, 18 October 2005 - Aldeasa S.A., the world’s fourth biggest airport Retail & Duty-Free operator, owned 50% by Autogrill S.p.A. (Milan: AGL IM) and 50% by Altadis S.A. (Madrid: ALT SM), has won the tender to manage Kuwait International Airport’s Duty-Free retail stores in alliance with its local partner ThatEs Salasil. Including Canada and Kuwait, the Company now operates in 14 countries worldwide.
The license to operate comes into effect next February for a six-year term and can be extended for one year under the same terms and conditions. The longstanding credibility of Aldeasa’s local partner form the cornerstone of this innovative proposal, which is now to be fully developed in close collaboration with the Directorate General of Civil Aviation (DGCA), the local airport authorities. In the first year of operations Aldeasa expects to generate a turnover of around $40m.