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Valora Holding AG

EANS-News: Valora Holding AG
Valora Retail successfully completes acquisition of tabacon Franchise GmbH & Co. KG

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Joint Ventures/Cooperation/Collaboration/Valora Holding AG
Valora Retail successfully completes
acquisition of tabacon Franchise GmbH & Co. KG - Bundeskartellamts 
approval granted - Valora´s expanded network of some 380 units makes 
it one of Germany´s leading small-outlet retailers - Transaction 
raises the firm´s non-travel retail market profile
Valora Retail Germany successfully completed its acquisition of 
tabacon Franchise GmbH & Co. KG on October 1, 2010, having recently 
obtained approval from the Bundeskartellamt, Germany´s independent 
competition authority, as expected. The integration of tabacon´s 
existing chain of more than 180 sales points will increase the size 
of Valora Retail Germany´s overall outlet network to some 380 units, 
located at railway stations, airports, shopping centres and 
department stores, thus securing the firm a place among the country´s
leading small-outlet retailers.
The acquisition of tabacon Franchise GmbH & Co. KG is a decisive step
for Valora´s Retail division. Integrating tabacon´s existing staff 
into its operations will also enable Valora to take on an 
established, efficient franchise model, offering major opportunities 
as a platform from which to expand its non-travel retail operations. 
As a result of this purchase, Valora´s Retail Germany´s division now 
operates 201 specialist press outlets in non-travel-related 
locations, and the new tabacon network extends across all of Germany.
The 178 travel retail outlets Valora currently operates at railway 
stations and airports already make it Germany´s leading railway 
station bookseller.
The acquisition, which exemplifies Valora´s strategic direction, has 
been entirely financed by cash generated from the Group´s regular 
operations. As Thomas Vollmoeller, CEO of the Valora Group puts it, 
"This transaction not only enables us to double the size of our 
outlet network in Germany, but will also significantly extend our 
areas of expertise and create further potential for growth in our 
core businesses."
***
tabacon Franchise GmbH & Co. KG
Tabacon Franchise GmbH & Co. KG has been one of the main tobacco retailers in
Germany for many years, pioneering the franchise concept in this market segment.
Its former owner, Tabacon Holding, one of Germany´s largest tobacco products
wholesalers, will now increasingly focus on its wholesaling activities.
***
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations: Tel: +41 58 789 12 20
Mladen Tomic E-mail: mladen.tomic@valora.com

Media Relations: Tel: +41 58 789 12 01
Stefania Misteli E-mail: stefania.misteli@valora.com

Branche: Retail
ISIN: CH0002088976
WKN: 208897
Börsen: BX Berne eXchange / stock market
SIX Swiss Exchange / Main Standard

Plus de actualités: Valora Holding AG
Plus de actualités: Valora Holding AG