Amrest prepares to make a meal out of Sfinks
American Restaurants (AmRest) which manages the networks of Pizza Hut, KFC, and Starbucks in Poland as well as in neighboring countries yesterday surprised analysts by announcing a call for almost 1.4 million shares in its sector competitor Sfinks.
AmRest informed that this way it plans to acquire 25.52 percent of votes at the company's general shareholder's meeting, and that it already possesses 14 percent of Sfink's shares. The investor is to pay zł.19.41 per share and the transaction is to be carried out in September.
Representatives of AmRest declared that the investment in Sfinks, which controls Sphinx, Chłopskie Jadło and Wook restaurants, is a strategic move and that they do not exclude potential integration of operations of the two entities.
Sources: Puls Biznesu, Dziennik, Wall Street Journal Polska, Rzeczpospolita, Parkiet (A.K.)
AmRest informed that this way it plans to acquire 25.52 percent of votes at the company's general shareholder's meeting, and that it already possesses 14 percent of Sfink's shares. The investor is to pay zł.19.41 per share and the transaction is to be carried out in September.
Representatives of AmRest declared that the investment in Sfinks, which controls Sphinx, Chłopskie Jadło and Wook restaurants, is a strategic move and that they do not exclude potential integration of operations of the two entities.
Sources: Puls Biznesu, Dziennik, Wall Street Journal Polska, Rzeczpospolita, Parkiet (A.K.)
