RB 64/2012 Completion of Share Purchase Agreement – Blue Horizon
With reference to the announcement RB 60/2012 of 14th December 2012, the Management Board of AmRest Holding SE (“AmRest”, or ”the Company”) informs about the completion (“Completion”) on 21th December 2012 of the Agreement for Purchase of Shares (“Purchase Agreement”), dated 14 December 2012, between AmRest and Wintrust New Zeland, Blue Horizon Hospitality Group LTD, Macau Jiu Jia Partners LP, Ms Coralie Danks and Mr Robert Boyce jointly referred to as “Sellers”. As a result of the Completion AmRest acquired approximately 51% of Blue Horizon Hospitality Group PTE shares for USD 20 million. The remaining 49% will be owned by the Sellers.
All conditions precedent and approvals required under the Purchase Agreement including in particular the lenders consent, landlords approvals and due diligence results being satisfying to AmRest have been fulfilled.
Legal act: Art. 56 Sec. 1 Point 2 Act on public offering and conditions of introducing financial instruments to the organized trading system and on public companies dated July 29th 2005