AmRest Holdings, SE (“AmRest” or the “Company”), pursuant to the provisions of Article 226 of the restated text of the Securities Market Law, reports that it has reached an agreement with Delivery Hero for the transfer of its 7.5% stake (non-diluted) in the company Glovoapp 23, SL (“Glovo”) for an aggregate amount of €76.15 million.
The deal is subject to the fulfillment of certain conditions precedent standard for this type of deals and completion of the corresponding corporate requirements in accordance with Glovo’s internal regulations.
Once the mentioned conditions and requirements are met, AmRest will inform the market of the execution of the transaction.
Legal act: Art. 17 Sec. 1 of Regulation (EU) No 596/2014 of The European Parliament and of The Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC