Restaurants & Bars
SHINSEGAE FOOD CO., LTD:To merge with Shinsegae SVN, which is engaged in the manufacturing of bread product, to improve operating efficency and create synergy.Merger ratio of 1 : 0.3699991 between the company and Shinsegae SVN.Says 443,998 new shares will be issued for the merger.Expected merger effective date of Dec. 1.The company will survive and Shinsegae SVN will be dissolved after the merger.
Minor International PCL 's MHG International Holding announces signing of agreement with Sun International Limited
Minor International PCL:Says MHG International Holding has entered into conditional sales and purchase agreements for share acquisitions of five companies in Botswana, Lesotho, Namibia, Swaziland and Zambia from Sun International Limited and its affiliates.Investment Value 679.5 mln Rand or about 2,039 mln Baht.Source of fund is bank loan and/or internal cash flow.MHG International Holding, is a 100 pct subsidiary of Minor Hotel Group Limited, a 100 pct subsidiary of the company.
Zensho Holdings Co Ltd:Says wholly owned subsidiary, engaged in food retailing business, completed acquisition of company OWARIYA, engaged in operation of food supermarket, on Aug. 6.
SCC Holdings Bhd:SCC Corporation Sdn Bhd, subsidiary on Aug. 6 acquired two ordinary shares of 1 Ringgit each representing entire issued and paid-up share capital of Positive Insight Sdn Bhd.Says acquisition for total cash consideration of 2 Ringgit from unrelated parties.
Umenohana Co Ltd:Says to fully acquire koichian Co., Ltd. through stock swap.Says one share of koichian Co., Ltd will be exchanged for 0.017 shares of the company, effective Oct. 1.
Alsea SAB de CV:Reaches agreement with shareholders of Food Service Project SL (Grupo Zena) to acquire 71.76 percent of the Spanish group.Transaction value about 107 million euros.In addition to 427 restaurants, operation comprises: two industrial kitchens, plant for production of dough for Domino's Pizza, intellectual property rights of owned brands, menus, product development, operation processes, and franchise rights that Grupo Zena has with Domino's Pizza and Burger King.BBVA Bancomer has acted as exclusive financial advisor in acquisition.
Restamax Oyj:Says has purchased a majority of Staff Invest group's labour hire service operations.Says operations and ownership of the object of acquisition are transferred on Aug. 1.Says the total purchase price for the object of corporate acquisition is about 7.7 million euros.Says the purchase price will be paid in cash.Says the final purchase price will be determined based on financial statements issued on July 31 no later than on Dec. 31.Says the object of acquisition comprises about 75 pct of all Staff Invest group's business operations.
Berjaya Food Bhd announces proposed acquisition of interst in Berjaya Starbucks Coffee Company Sdn Bhd
Berjaya Food Bhd:Proposed acquisition of 11,500,000 ordinary shares of 1Ringgit each representing remaining 50 pct equity interest in Berjaya Starbucks Coffee Company Sdn Bhd not owned by BJFOOD for total cash consideration of $88,000,000.
MTY Food Group Inc:Completes the acquisition of the Canadian assets of Madisons New York Grill & Bar for a total consideration of $12.9 mln.
Kout Food Group KSCC:Announces that it has acquired Coffee Snobs for a total value of 2.5 million Kuwaiti dinars.Says Coffee Snobs manages 14 branches located northeast London.