AmRest's takeover of Sfinks would create restaurant giant

Restaurant operator AmRest, which holds more than 5% in competitive network Sfinks, is planning to boost its involvement in the company. "The Łódź-based company would fit into our portfolio. There are plenty of synergy effects, which could be achieved by consolidating this firm," said Wojciech Mroczyński, AmRest management board member.

For the time being he refused to state whether his company would announce a call for Sfinks, but it is also uncertain whether Sfinks shareholders would reply to it.

"The merger would have a business justification. However, the agreement is hindered by divergent expectations related to the price of the transaction," said one of the main shareholders of Sfinks, quoted by Thomson Reuters.

If the merger went ahead, the domestic market would see the creation of an entity with annual turnover exceeding zł.1 billion.

Source: Parkiet