AmRest plans dual listing in Spain – local media

According to Spanish media outlets, WE-listed restaurant operator AmRest plans to be dual listed on the Madrid Stock Exchange. The floating would not include any new shares. According to the Spanish media, this idea is being spearheaded by the company’s largest shareholder, Mexican businessman Carlos Fernández González. Last year, the company has moved its headquarter to Spain citing tax reasons. On the Spanish market, AmRest has 271 restaurants, including La Tagliatella, KFC, and Blue Frog chains. Its operations on the market account for 18 percent of the company’s turnover in the first three quarters of last year.