AmRest to buy sushi chain for €240 mln

WSE-listed restaurant operator AmRest has signed a share purchase agreement with Grégory Marciano, Naxicap Partners and other entities regarding the purchase of 100 percent stake in Sushi Shop restaurant chain. “The purchase price will amount to approximately €240 million (and will be adjusted by the balance of cash and debt), of which the equivalent of €13 million will be paid to Grégory Marciano and Adrien de Schompré in equities. Furthermore, €10 million will be paid to the sellers on the condition that Sushi Shop achieves financial goals specified in the agreement,” AmRest said in a market filing. The intention of the parties is to finalize the transaction within the next few months, which will depend on obtaining the consent of the antitrust authorities and the absence of a material adverse change of terms, the deal stated. “As a result of the transaction, AmRest will become the owner of a leading Japanese cuisine restaurant chain with 165 outlets, of which about one third are restaurants run by franchisees,” AmRest added.