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S.Korea's Hotel Shilla says to buy stake in US duty-free firm for $105 mln

2015-03-23 09:56:56| Semiconductors - Topix.net

Hotel Shilla Co Ltd is buying a 44 percent stake in in-flight duty-free retailer DFASS for $105 million via its U.S.-based affiliate, the South Korean hotel and duty-free operator said on Monday. Hotel Shilla, a unit of Samsung Group, said in a statement it retains a call option to buy an additional 36 percent of DFASS in five years.

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