AmRest Holdings provides food for thought as it aims for $40 million IPO

Food interest AmRest Holdings might place its IPO prospectus with Securities and Stock Exchange Commission (KPWiG) later this year. "We are preparing the floatation, but the final date would be strictly related to market situation," said FCO of AmRest Holdings Alan Laughlin. According to earlier information, the company plans to collect $30-40 million from the floor. However, there are rumors that the offer might exceed this amount. "At this phase I can only say that the offer will be medium-sized or average-to-high, in terms of the Polish bourse," said Laughlin. Half of AmRest Holdings is controlled by the New York-listed Yum! Brands, which is the biggest restaurant company in the world. "It might partially or fully leave our company. It will only remain a provider of franchise for the business," revealed Laughlin. (Parkiet, p. 6) M.M.