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Amrest hospitality to buy 15 KFC restaurants in Germany for est. EUR 10.3 mln

TAG'S: AMREST, Retail Trade

 

Listed restaurant operator AmRest will purchase 15 KFC brand restaurants operating on the German market for an estimated price of EUR 10.3 mln (PLN 45.6 mln) from KFC GB Ltd., with the transaction to be financed with AmRest's own means, the firm said in a market filing.

The final price will be settled on the day of the transaction's closing. The parties intent to finalize the deal in the coming months.

 

The estimated revenues of the assets to be purchased reached EUR 27.4 mln (PLN 121.5 mln) in the 12M period to end-August, the filing reads.

 

AmRest believes it can multiply the scale of operations of KFC in Germany by a single-digit factor in the coming years, the firm also said.

 

2016-12-02



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