AmRest continues to develop in Central and Eastern Europe
2010-03-09
AmRest, the operator of the KFC, Pizza Hut and Burger King chains, is planning to establish up to 70 restaurants in 2010, in the Central and Eastern European region. The project is thought to be worth around PLN 300m (€75m). Some unprofitable locations will be closed, but the number will not exceed that of 2009, when the company closed down 15 establishments.
The operator is also considering a number of acquisitions. At present, however, it is not at the advanced stage of any negotiations. In the case of a substantial takeover it would consider a share issue in order to fund the transaction.
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