Brief: Sfinks Polska to buy Fabryka Pizzy

Sfinks Polska SA

29/12/2016 07:37

Dec 29 (Reuters) - Sfinks Polska SA  SFSP.WA : 
    * Said on Wednesday signed an investment agreement with the 
owner of Fabryka Pizzy Sp. z o.o to build a chain of restaurants 
and acquire all shares in Fabryka Pizzy  
    * According to the agreement, the investment is divided into 
two stages 
    * In the first stage, Sfinks Polska will have the exclusive 
right to open Fabryka Pizzy restaurants via a master franchising 
scheme until March 31, 2018 
    * During this period, Sfinks Polska will also conduct due 
diligence of Fabryka Pizzy and will have the possibility of 
early commencement of the second stage of the agreement or 
withdrawal from it with a 1-month notice period 
    * In the second stage, Sfinks Polska will continue extending 
the chain and will acquire all shares in Fabryka Pizzy for no 
less than 6 million zlotys ($1.42 million) and no more than 10 
mln zlotys by the end of March, 2021 
    * Signed a prelim. agreement for cooperation with owner of 
"Fabryka Pizzy" in Nov.  urn:newsml:reuters.com:*:nL8N1D81FB  
 
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2877536 
     
 Further company coverage:  SFSP.WA  
    
 
($1 = 4.2183 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))