Madrid, July 18th, 2018: AmRest Holdings SE (WSE:EAT), a leading publicly listed restaurant operator in Europe, announced today its participation in the share capital increase of Glovo, Spain’s leading food delivery platform, which is to be conducted via a private placement.
- Our engagement and strategic co-operation with Glovo is a powerful combination of one of the leading aggregators and a leading restaurant operator in Europe. For AmRest this is an important step in building our position in food technology and digitalization of the restaurant industry. We are very excited about the growth opportunities this partnership creates for both companies.
Oscar Pierre, Glovo’s co-founder and CEO commented:
- We are very happy to welcome AmRest as a shareholder. We firmly believe the support of one of the most important companies in the restaurant sector in Europe will allow us to continue growing rapidly thanks to the knowledge and extensive experience. This makes AmRest's financing the needed boost to keep optimizing the platform and offering the best service in the sector to our three main stakeholders: distributors, users and establishments; and thus become their reference delivery app.