AmRest hopes its shares release will go down well

The move would swell the handful of foreign companies listed on the domestic floor. The Securities and Stock Exchange Commission (KPWiG) yesterday accepted between 10 and 15 million shares of AmRest Holdings, with a nominal value of EUR 0.01 each for public listing. In the initial phase the company plans to sell 5 million shares. The funds will be used for development in Poland and the Czech Republic. AmRest is a Dutch company whose headquarters are in Amsterdam, which is wholly owned by America's International Restaurant Investments that is in turn controlled by American Retail Concepts. In the first three quarters of 2004 AmRest generated zł.343 million in sales revenues and over zł.5.1 million in net profits. (Parkiet, p. 6) A.K.