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Elliott reduces Dufry stake to less than 1%

Paul Singer-owned hedge fund Elliott Management on Feb. 2 reduced its stake in Swiss travel retailer Dufry AG to 0.94%, within 2 months of buying a 5.57% stake in the company, according to a Swiss stock exchange notice.

Liverpool LP and Elliott International LP, affiliates of Elliott Management, now hold 504,774 registered shares of Dufry that are equitable at par with the number of voting rights, the SIX Swiss Exchange filing said Feb. 3.