Dufry has signed an extension until February 2015 on the call/put option to buy 20% of the equity of Dufry Lojas Francas (DLF) in Brazil.

DLF is Dufry’s operating entity for new duty free businesses in Brazil, which includes the duty free operations at Guarulhos airport in Sao Paulo.

A call option gives the shareholder the right to buy a stock from the investor – who originally sold the shareholder the stock – at a specific price (the strike price) on or before a specified date.

A put option gives the shareholder the right to sell a stock to the investor at a specific price, on or before a specified date.