Avolta Secures Majority Stake in Penha Duty Free Group

Avolta AG has announced the acquisition of a majority stake in Penha Duty Free Group, a prominent duty-free operator in the Caribbean. This strategic move enhances Avolta's presence in key leisure destinations across Aruba, Bonaire, Curacao, Grand Cayman, and St. Maarten. Penha Duty Free Group, known for its 25 retail points serving both local and international travelers, reported revenues of CHF 47 million in 2025.

The acquisition aligns with Avolta's capital allocation strategy, emphasizing disciplined investments. It is funded through existing cash reserves and is expected to have a negligible impact on leverage, while being beneficial to EBITDA margin, earnings per share, equity free cash flow, and ROIC. Initially, Avolta will acquire a 51% stake, with plans for full ownership in the future.