Prezzo plc Announces Acquisition Of Leasehold Properties From Caffe Uno Brasseries Limited

Prezzo plc announced that it has acquired three leasehold properties, together with their business and assets, from Caffe Uno Brasseries Limited (in administration) in exchange for cash consideration of GBP1,125,000 (subject to adjustment for stock values on site at the point of transfer). The properties are well-located in English towns where Prezzo is keen to have representation - including Cobham in Surrey, Marlborough in Wiltshire and Sevenoaks in Kent. The restaurants currently operate under the Brasserie Gerard brand and will continue to do so immediately after completion.