AmRest buys 51% stake in PizzaPortal.pl

WSE-listed restaurant operator AmRest has finalized the deal to buy 51 percent stake in food delivery portal PizzaPortal.pl for PLN 10 million, the company said in a market filing. According to transactions terms, AmRest will acquire newly issued shares of Germany-based Delivery Hero subsidiary Restaurant Partner Polska which owns PizzaPortal.pl. Additionally, both sides committed to investing PLN 7 million each in Restaurant Partner in Q1, 2018. According to the agreement, AmRest will also start the partnership with Delivery Hero’s units in Czechia and Hungary. PizzaPortal.pl has some 2,500 restaurants from 400 Polish cities in its delivery service offer.