AmRest takes over Telepizza business in Poland, becoming the regional leader in pizza segment

AmRest takes over Telepizza business in Poland, becoming the regional leader in pizza segment

Madrid, Spain, 26th July 2018, AmRest (WSE: EAT), a leading publicly listed restaurant operator in Europe, announces signing on 26th July 2018 the Share and Purchase Agreement (“SPA”) with TELE PIZZA, S.A.U. aimed at an acquisition of the Telepizza chain in Poland. As a result of the transaction, AmRest will take over 36 equity restaurants and additionally operate the network of 71 franchised units.

According to the SPA, AmRest will purchase 100% shares of TELEPIZZA POLAND Sp. z o.o, an operator of Telepizza business in Poland. As a result, AmRest’s portfolio of both equity and franchised restaurants will expand by 107 stores. The anticipated value of the transaction is estimated at EUR 8m (on a cash-free, debt-free basis) and will be confirmed at the closing date. The finalization of the transaction is expected in the coming months, upon obtaining respective approvals from antitrust authorities.
Monika Czyż, Pizza Hut President at AmRest commented: “This acquisition marks AmRest as the leading company in the Polish pizza delivery sector, which has seen an amazing growth in the recent years We are fully convinced that with AmRest’s expertise and operational excellence we will deliver great value to both our guests and shareholders. We would also like to warmly welcome to our family all the employees and franchisees of Telepizza in Poland. We look forward to working together to create an exceptional offer for the customers through a combination of the highest quality product and a superior delivery service.”
The agreement will contribute to strengthening AmRest’s position as an operator in both pizza and delivery segments in Europe. Currently, with the masterfranchise rights for Pizza Hut brand, the Company is well-positioned to grow the Pizza Hut business through both equity and franchise models across France, Germany, Russia and Central Europe.
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