Swiss-based Dufry buying Folli duty-free ops

ATHENS (Reuters) - Greek retailer Folli Follie has agreed to sell a controlling stake in its local duty-free operations to Dufry , a Switzerland-based global travel retailer. The Swiss company will pay 200.5 million euros ($258.6 million) for a 51 percent stake in Folli's duty-free operations, which includes a network of 90 shops at 45 locations across the country, the retailer said in a statement. Dufry will have an option to buy the remaining 49 percent in four years' time at a fair market value, it added. ...

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