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MarketScreener Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding Limited    BABA

ALIBABA GROUP HOLDING LIMITED

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Alibaba : Takes 6.1% Stake in Travel Retailer Dufry

10/20/2020 | 02:52am EST

By Pietro Lombardi

Chinese e-commerce giant Alibaba Group Holding Ltd. is taking a stake of 6.1% in Dufry AG as part of a roughly $900 million capital increase.

Alibaba and Swiss-based travel retailer Dufry disclosed plans to form a joint venture earlier this month to develop the business in China. The Chinese group will also invest CHF69.5 million in Dufry via convertible notes.

Also investing in Dufry is private-equity group Advent International Corp., which, after the capital increase is completed, will have a 11.4% stake.

Dufry said Tuesday that it expects to raise 820 million Swiss francs ($901.1 million) after it priced the new shares at CHF33.22 each.

Alibaba and Advent have agreed to a lock-up period of six months.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

(END) Dow Jones Newswires

10-20-20 0251ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.71% 266.305 Delayed Quote.23.21%
DUFRY AG 0.30% 53.26 Delayed Quote.-41.40%
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Financials
Sales 2021 699 B 107 B 107 B
Net income 2021 150 B 22 880 M 22 880 M
Net cash 2021 434 B 66 356 M 66 356 M
P/E ratio 2021 32,0x
Yield 2021 -
Capitalization 4 640 B 707 B 709 B
EV / Sales 2021 6,01x
EV / Sales 2022 4,48x
Nbr of Employees 122 399
Free-Float 99,7%
Chart ALIBABA GROUP HOLDING LIMITED
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Alibaba Group Holding Limited Technical Analysis Chart | BABA | US01609W1027 | MarketScreener
Technical analysis trends ALIBABA GROUP HOLDING LIMITED
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Mean consensus BUY
Number of Analysts 51
Average target price 2 270,61 CNY
Last Close Price 1 714,83 CNY
Spread / Highest target 52,0%
Spread / Average Target 32,4%
Spread / Lowest Target 4,01%
EPS Revisions
Managers
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO, Director & Head-Strategic Investments
Li Cheng Chief Technology Officer
Chung Hsin Tsai Executive Vice Chairman
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