Brief: Sfinks Polska unit signs deals for "Meta Seta Galareta", "Meta Disco" and "Funky Jim" concepts

Sfinks Polska SA

27/01/2017 06:39

Jan 27 (Reuters) - Sfinks Polska SA  SFSP.WA : 
    * Said on Thursday its wholly-owned unit, SPV.REST1 Sp. z 
o.o (SPV) signed a cooperation agreement with Cafe Contact Sp. z 
o.o. (Cafe Contact), Inwento Sp. z o.o. (Inwento) and Inwento 2 
Sp. z o.o. (which together own catering concepts "Meta Seta 
Galareta", "Meta Disco" and "Funky Jim") 
    * SPV signed also a license agreement with Cafe Contact for 
"Meta Seta Galareta" and "Meta Disco" concept and with Inwento 
for "Funky Jim" concept 
    * Under the license agreement, SPV acquired the right 
license to use intellectual property rights and know-how of 
"Meta Seta Galareta", "Meta Disco" and "Funky Jim" 
    * The cooperation agreements sets the terms under which SPV 
can acquire intellectual property of the concepts, rights and 
liabilities results from lease agreements of locations where the 
concepts are being carried out as well as cession of the 
franchise agreements 
    * The decision in this regard SPV may take after a period of 
4 years from the signing of above agreement 
    * The purchase price will be no less than 5.0 million zlotys 
 ($1.23 million) and no more than 8.0 million zlotys net and the 
final amount will be calculated on the basis of seven times 
EBITDA 
    * In the event of the acquisition of rights, SPV to become 
the sole owner of all intellectual property rights of concepts 
of "Meta Seta Galareta", "Meta Disco" and "Funky Jim 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2682186 
     
 Further company coverage:  SFSP.WA   
    
 
 
 
($1 = 4.0744 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))