Dentons has advised CEE-based AmRest Holdings SE on its acquisition of 15 Kentucky Fried Chicken restaurants in Germany. Under the signed agreement, which is expected to take effect in the first quarter of 2017, Amrest will acquire the restaurants as well as the license to operate and develop the KFC brand in parts of Germany. The estimated purchase price is EUR 10.3 million.
AmRest, which is the largest publicly listed restaurant operator in Central Europe, operates more than 1,100 restaurants and cafes in 13 countries under a number of well-known brands, including KFC, Pizza Hut, Burger King and Starbucks, among others. The company already runs more than 500 KFC restaurants in eight countries.
The Dentons team, led by Frankfurt-based Counsel Till Buschmann, advised AmRest throughout the transaction on all German law aspects. In the first half of this year, Buschmann acted as lead counsel in AmRest’s acquisition of Starbucks’ German subsidiary (as reported by CEE Legal Matters on April 22, 2016). In 2015, local Dentons teams also assisted AmRest in acquiring the Starbucks franchises in Romania and Bulgaria (as reported on June 26, 2015).