Dufry AG Group, the controlling shareholder of travel retail company Hudson Ltd., has concluded its takeover of the entire East Rutherford-based company, Hudson announced Tuesday.
The deal, first announced in August, sees Swiss travel retailer Dufry — which owned 57.4% of Hudson at the time — acquire the remaining equity interests in the company, making Hudson an indirect wholly owned subsidiary of Dufry.
The transaction formally closed Tuesday, and Hudson’s stock will be delisted from the New York Stock Exchange in approximately 10 days.
