AmRest raises €70 mln through private placement

WSE-listed restaurant operator AmRest will issue over 7.4 million new shares at €9.44 apiece through private placement, the company said in a market filing. The nominal value of the shares will be €0.1 while the remainder of the amount will be the issue premium.

The issue represents 3.5 percent of the current share capital and 3.38 percent after the share capital increase.

Last week, AmRest said that it hopes to raise €70 million through a private placement with the majority Finaccess Group and another significant shareholder Gosha Holding vowed to participate in the offer in a proportion equal to their current shareholdings.