RB 56/2008 Finalization of the Membership Interest Purchase Agreement – Apple Grove
08-07-2008

The Management Board of AmRest Holdings N.V. (“AmRest”) informs about finalization of the Membership Interest Purchase Agreement (“Purchase Agreement”) between AmRest (“Buyer”) and Grove Ownership Holding, LLC (“Seller”), a Georgia limited liability company, regarding the purchase of 80% of Apple Grove Holdings, LLC, a Delaware limited liability company (RB 28/2008 dated 20 May 2008). The Purchase Agreement was closed at the conditions specified on 20 May 2008.
 
The entry into the US restaurant market, through the purchase of 104 Applebee’s® restaurants, represents another milestone in the AmRest history. The Supervisory Board and the Management Board of AmRest are both very excited with the opportunities this strategic move brings to the Company.
 
Following this acquisition AmRest significantly diversified its portfolio by strengthening its Casual Dining Restaurants’ arm. The Company operates its restaurants in two restaurant sectors: Quick Service Restaurants (QSR) – KFC, Burger King, Starbucks and freshpoint and Casual Dining Restaurants (CDR) – Pizza Hut, Rodeo Drive and Applebee’s®. All in all AmRest manages 7 restaurant brands in 7 countries.
 
 
Legal act:
Ustawa o ofercie z dnia 29 lipca 2005 art. 56. ust. 1 punkt 2.

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