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Schiphol Group: Schiphol Group sells 60% of the shares in Schiphol Airport Retail to Gebr. Heinemann

Joint-venture established for retail operations of liquor, tobacco and
confectionary at Amsterdam Airport Schiphol

Schiphol, 26 March 2015

Schiphol Group and Gebr. Heinemann established a joint venture today for the
retail operations of liquor, tobacco and confectionary in the shopping area
after ticket and passport control at Amsterdam Airport Schiphol.

Gebr. Heinemann takes a 60% stake in Schiphol Airport Retail (SAR), Schiphol
Group keeps 40% of the shares. The joint venture will continue to operate
under the name of Schiphol Airport Retail (SAR).

With Gebr. Heinemann as a joint-venture partner, the position of SAR will be
reinforced with knowledge and experience in travel retail, e-commerce and
logistics topped with clear end-consumer focus and expertise. SAR will with
this joint-venture be certain to respond well to rapid future developments in
the international travel retail market and changes in needs and demands of

As a result of this agreement, Schiphol Group expects to generate a book
profit in the first half of 2015.

Note to the editorial team:

For more information, please contact: Gebr. Heinemann, Svenja Strombeck,
Corporate Communications, Tel.: +49 40 3010
2186, Schiphol Group Press Relations, telephone +31
(0)20 601 26 73,

About Gebr. Heinemann SE&Co. KG

Gebr. Heinemann, the Hamburg family-owned business is active at 77 airports
including Frankfurt, Vienna, Oslo, Copenhagen, Sydney, Kuala Lumpur and
Istanbul in 28 countries. It operates more than 230 Heinemann Duty
Free&Travel Value shops, concept shops and boutiques for internationally
renowned brands. In 2014, Gebr. Heinemann generated a turnover of € 2,4
billion euros.

About Schiphol Airport Retail
A subsidiary of Schiphol Group, Schiphol Airport Retail (SAR) operates stores
which sell liquor, tobacco and confectionary at Schiphol. SAR currently has
six stores and also sells liquor, tobacco and confectionary in the six
combination stores on the piers. SAR employs 148 people and had a turnover of
around 85 million euros in 2014.

Press Release PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schiphol Group via Globenewswire


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