Avolta Shares Reach Six-Week High on Citi 'Buy' Rating

By EC Assets · Published 19 October 2026

Avolta AG shares reached a six-week high following Citi’s initiation of coverage with a ‘buy’ rating. The company, trading as VTX:AVOL, saw its share price rise over 10% on the SWX in the past couple of months. Individual investors hold 35% ownership in Avolta AG, making them the largest shareholder group. Institutions own 29% of the company. A total of seven investors collectively hold a majority stake in Avolta. The duty-free retail and travel catering giant has been the subject of takeover interest. Buyout firm CVC Capital Partners is exploring a £6 billion bid for Avolta. CVC Capital Partners owns a stake in rugby’s Six Nations Championship. Avolta plans to acquire a Hong Kong duty-free retailer. This acquisition aims to boost its Asia Pacific sales to $1 billion. The company reported a strong third quarter and increased its guidance on revenue and EBITDA. This performance was driven by continued momentum. Latin America was a standout region for Avolta. However, Avolta's Americas operations have suffered. This article is intended for informational purposes only. It does not constitute investment advice.