AmRest to sell its KFC business in Russia for at least 100 mln euros

AmRest, through its units AmRest Sp. z o. o. and AmRest Acquisition Limited, has agreed to sell its KFC restaurant business in Russia to Almira. The company expects to receive at least 100 million euros. AmRest has been present in Russia since 2007. The company currently operates 215 KFC restaurants in this market.

AmRest operates restaurants under franchise brands such as KFC, Starbucks, Pizza Hut, and Burger King, as well as under private labels such as La Tagliatella, Sushi Shop, Bacoa, and Blue Frog. The company has been listed on the Warsaw Stock Exchange since 2005.