about us | newsletter | contact | archive | members area
Dan-Silviu Baciu, Conpet
The evolution of the oil industry in Romania - important changes in the last decade»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

The company who manages KFC, Pizza Hut and Taco Bell brands in Romania is now listed on Bucharest Stock Exchange

The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading on Bucharest Stock Exchange (BVB), under SFG symbol.

2017-11-10 10:28:50

The company, which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, becomes the first listed foodservice operator on BVB.
"The listing of Sphera Franchise Group on Bucharest Stock Exchange is an important and memorable milestone for our business," said Mark Hilton, CEO of SFG. "We are pleased to join the roster of important companies trading on this exchange and proud that we are the first brand from the foodservice sector to list in Romania. Investors can now have exposure to some of the world's most iconic brands in KFC, Pizza Hut and Taco Bell through Sphera Franchise Group. For Sphera, it is a new stage in its development and we have high ambitions, our plan being to exceed 240 restaurants by the end of 2022."
The final offer price for the 9.83 million shares issued by Sphera within the secondary initial public offer was set at 29 RON per share. At this price, the value of the offer exceeded 285 million RON (equivalent to 62 million Euro). Under the offer, 9.34 million shares, or 95 per cent of the total, were allotted to institutional investors and less than 0.5 million shares, equivalent to five per cent, to retail.
Intermediaries of the offer were Wood & Company as Sole Global Coordinator and Joint Bookrunner, while Raiffeisen Bank and Alpha Finance Romania acted as Joint Bookrunner and Co-Lead Manager respectively.
Sphera Franchise Group is the company that owns the right to manage restaurants under the KFC brand in Romania, Republic of Moldova and in some regions of Northern Italy, operates restaurants under the brand Pizza Hut and Taco Bell in Romania and owns the Pizza Hut Delivery service locally. The company recorded a turnover of 514.5 million RON last year, 26.8 per cent more than in 2015 and made a net profit of 51.6 million RON or 9.2 per cent more than the previous year.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  4855 Views
Daily Info
New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consum...

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

European Property Federation elects Liviu Tudor as new President

The European Property Federation Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of ...

Commisioner Cretu: Romania has a high level of women representation in the digital sector

Romania is one of the countries of the European Union with a high level of representation of women in the digital sector, said European Commissioner for Regional Policy, Corin...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, ...

President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

1 Comment

Romania gets 450 million Euro loan from EIB for rural development programme

The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Progr...