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CTG DUTY-FREE to Acquire DFS HK & MO Biz for HKD3B+, Issue Shrs to LVMH/ Miller Family at 11.7% Discount
CTG DUTY-FREE (01880.HK) announced an agreement with DFS Group under luxury giant LVMH Group and DFS co-founder and shareholder Robert Miller.As per the agreement, CTG DUTY-FREE wi...
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CTG DUTY-FREE to Acquire DFS HK & MO Biz for HKD3B+, Issue Shrs to LVMH/ Miller Family at 11.7% Discount
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CTG DUTY-FREE (01880.HK)  +0.100 (+0.150%)    Short selling $3.82M; Ratio 15.531%   announced an agreement with DFS Group under luxury giant LVMH Group and DFS co-founder and shareholder Robert Miller.

As per the agreement, CTG DUTY-FREE will acquire DFS' travel retail business in Hong Kong and Macau, as well as intangible assets in Greater China, including exclusive rights to a series of DFS brands and IPs in this region. The acquisition price is expected to be no more than USD395 million (around HKD3.08 billion).

Related News CICC Lowers TP for CHINA DUTY FREE (01880.HK) to HKD95, Focuses on Subsequent Growth Pace in Hainan
Moreover, as a complementary investment, CTG DUTY-FREE will issue up to 7.3301 million and 4.6374 million new H-shares to LVMH Group's wholly-owned subsidiary Delphine SAS and the Miller family trust's Shoppers Holdings HK Limited, respectively, at a subscription price of HKD77.21 per share, a discount of around 11.66% to its closing price yesterday (19th).

Upon completion, LVMH and the Miller family are anticipated to hold around 0.35% and 0.22% of CTG DUTY-FREE's total share capital, respectively. The estimated net proceeds of up to HKD924 million will be used by CTG DUTY-FREE to supplement company capital and support its domestic and international business development.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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