November 1, 2018 / 6:10 AM / 17 days ago

BRIEF-Telepizza Requests Approval For Acquisition of Pizza Hut Operations In Chile

Nov 1 (Reuters) - Telepizza Group SA:

* SAID ON WEDNESDAY THAT IT HAD REGISTERED AN APPLICATION FOR APPROVAL WITH THE CHILEAN COMPETITION AUTHORITY A POTENTIAL ACQUISITION OF SEVERAL PIZZA HUT RESTAURANTS IN CHILE

* THE PRICE OF THE ACQUISITION OF THE ASSETS WOULD BE AROUND 8.0 TIMES THE EBITDA GENERATED

* IF THE APPLICATION IS APPROVED THE PARTIES WOULD NEGOTIATE AND SIGN A SALES CONTRACT

* THE TRANSACTION IS PART OF THE ACTIONS THAT TELEPIZZA GROUP IS CARRYING OUT BEFORE THE CLOSE OF ITS STRATEGIC ALLIANCE WITH PIZZA HUT

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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