AmRest to acquire popular food delivery service

WSE-listed restaurant chain operator AmRest signed an investment agreement with Germany-based Delivery Hero and Restaurant Partner Polska to acquire 51 percent stake in Restaurant Polska which operates online food delivery service PizzaPortal.pl. Delivery Hero will keep the remaining 49 percent of the shares. The transaction value was not disclosed. According to the agreement, AmRest will also start the partnership with Delivery Hero’s units in Czechia and Hungary. “AmRest management board thinks that this partnership will expand the availability of the offers from our restaurant chains and will help us reach new clients, which in turn will improve AmRest market position in the delivery segment,” the company said in a market filing. PizzaPortal.pl has some 2,500 restaurants from 400 Polish cities in its delivery service offer.