RB 2/2022 The end of development agreement with Burger King
AmRest Holdings, SE (“AmRest” or the “Company”,) pursuant to the provisions of Article 227 of the restated text of the Securities Market Law and related provisions, issues the following statement of Other relevant information:;AmRest informs that Burger King Europe GMBH has notified it of the termination of the development agreements of the Burger King brand in Poland, the Czech Republic, Slovakia, Bulgaria and Romania (the "Territories") effective as of today.
AmRest will continue to operate the 93 Burger King restaurants that it owns in these Territories under the best standards of service and quality, in compliance with the franchise agreements signed, which will continue to be in force; therefore, the revenues, EBITDA and total assets of AmRest will not be significantly affected by the termination of the development agreements.
AmRest Group is Europe's leading listed restaurant operator with a portfolio of leading brands in 25 countries. AmRest operates more than 2,350 restaurants under franchised brands such as KFC, Starbucks, Pizza Hut and Burger King, as well as its own brands such as La Tagliatella, Sushi Shop, Bacoa and Blue Frog. The company also has a number of virtual brands in its portfolio. More information is available on the website: www.amrest.eu/en.