RB 87/2008 Antitrust authorities approval to takeover Sfinks

The Management Board of AmRest Holdings SE (“AmRest”) informs that it learnt about the antitrust authorities’ – Office of Compensation and Consumer Protection – decision to approve takeover of Sfinks Polska S.A. (“Sfinks”) by AmRest Sp. z o.o. (“AmRest Poland”). AmRest Poland is 100% subsidiary of AmRest. AmRest Poland has 32.98% shareholding at Sfinks. Sfinks is an operator of over 120 casual dining restaurants located mainly in Poland (109 Sphinx, 12 Chlopskie Jadlo and 4 WOOK).  

At the same time AmRest Management Board informs that, given the current situation on financial markets, AmRest will not hurry with next tender to increase its engagement at Sfinks’ shareholding. Following the changes in Sfinks’ Supervisory and Management Boards we will integrate Sfinks to ensure we put the company in the best possible position to make profit. It is critical at this moment, given global turmoil and a slowing economy, that we preserve cash and profitability in Sfinks.

Legal act:

Ustawa o ofercie z dnia 29 lipca 2005 art. 56. ust. 1 punkt 1.