KFC, Pizza Hut Romanian parent starts listing offer on Bucharest Stock Exchange
The subscription period will end on November 2.
Sphera Franchise Group (SFG), which runs the Pizza Hut and KFC restaurants in Romania, starts the listing offer on the Bucharest Stock Exchange. The group’s shareholders will sell 9.8m shares, representing a 25% stake, at a price ranging between RON 25 (EUR 5.4) and RON 32 (EUR 6.9) per share. The value of the initial public offering thus ranges between RON 245 million (EUR 53.2 million) and RON 325 million (EUR 70.6 million).
The offer will be divided into two installments, namely 15% for individual investors and 85% for investment funds and other institutional investors. Czech brokerage firm Wood&Company coordinates the offer with Raiffeisen Bank and Alpha Finance Romania also involved in the process.
