Sfinks shareholders against Dominium takeover

The Supervisory Board of the WSE-listed restaurant operator Sfinks Polska has decided against buying a 40 percent share in the Dominium pizzeria chain. “In the opinion of the Board, the purchase of the shares does not guarantee control over Dominium activity, limiting possible synergies, and does not guarantee Sfinks a return on investment assumed in the company’s strategy,” Sfinks said in a market filing. Back in June, Sfinks said that it will buy 40 percent of Dominium shares for PLN 20 million, pending due diligence process and regulatory approval. Dominium owns over 70 pizza restaurants under the Gusto Dominium brand in various Polish cities.