Sfinks will not acquire Da Grasso

Restaurant company Sfinks Polska has received a statement from the shareholders at pizza restaurant chain Da Grasso stating that they "cannot see" a way to agree about the terms of the transaction, ISBnews reported. In June, Restaurant company Sfinks Polska signed a letter of intent to take over Da Grasso. Both parties agreed to finalize negotiations before July 14. The value of the transaction would stand at PLN 55 mln. Sfinks Polska is the largest restaurant company in the casual dining sector in Poland and one of the largest companies in Europe. The company runs chains such as: Sphinx, WOOK and Chłopskie Jadło; at present, within those three chains,  there are 109  active restaurants in Poland.