Almira, Ooo cancelled the acquisition of KFC restaurant business in Russia from AmRest Holdings SE.
February 24, 2023
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Almira, Ooo entered into a share purchase agreement to acquire KFC restaurant business in Russia from AmRest Holdings SE (WSE:EAT) for approximately â¬100 million on December 6, 2022. Completion of the transaction is subject to the approval by competition authority in Russia and to other regulatory authorisations that may be applicable in Russia. As on February 21, 2023, The Russian Federal Antimonopoly Service (FAS) has approved a deal for Almira LLC to buy the business of AmRest business in Russia, which manages KFC restaurants.
Almira, Ooo cancelled the acquisition of KFC restaurant business in Russia from AmRest Holdings SE (WSE:EAT) on February 25, 2023
Amrest Holdings SE is a Spain-based company active in the restaurants and bars sector. The Companyâs core activity is operating Kentucky Fried Chicken (KFC), Pizza Hut, Burger King and Starbucks restaurants through its subsidiaries in Poland, the Czech Republic, Hungary, the Russian Federation, Serbia, Croatia, Bulgaria, Spain and France, on the basis of franchises granted, and Applebeeâs in the United States. Additionally, in Spain and France the Company operates its own brands La Tagiatella, Trastevere and il Pastificcio. It also operates PizzaPortal.pl, an online portal for ordering food from various restaurants. The Company operates through subsidiaries, such as AmRest Sp z o o, AmRest sro, AmRest doo, AmRest Adria doo, Blue Horizon Hospitality Group PTE, AmRest TAG SL, SC Marinopoulos Coffee Company III Srl and Marinopoulos Coffee Company Bulgaria EOOD, among others.