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Collins Foods Ltd to acquire Competitive Foods Pty Ltd and acquires stake in Snag Stand Group


Wednesday, 27 Nov 2013 10:26pm EST 

Collins Foods Ltd:Says entered into agreement to acquire Competitive Foods Pty Ltd, the franchisee of 44 KFC restaurants.Says to increase KFC restaurants by 44 to 169 through the acquisition.Says to pay A$55.6 million for the acquisition, which is expected to be completed during Feb. 2014.Says invested A$1.85 mln to acquire 50 percent equity stake in Snag Stand Group, a fast casual dining company. 

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2.23
-0.05 -2.19%
9:50pm EDT