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EquityEquity - Follow-ons and Rights issues

Alibaba and Advent to take stake of Dufry in rights issue

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Dufry, the Swiss operator of duty free retailers, has launched a Sfr700m ($766m) rights issue for M&A and corporate capital needs. The rights issue will allow two strategic investors, Advent Group and Chinese e-commerce firm Alibaba to take large stakes in the company.

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