AmRest Holdings, a Polish franchise operator of KFC, Pizza Hut, and Burger King in Central and Eastern Europe, is set to purchase a 30 percent stake in Russian fast food chain Kroshka Kartoshka by the end of the month.
In Ukraine, Kroshka Kartoshka is represented by fast food chain Pechena Kartoplya, and the acquisition will ease AmRest’s entrance onto the Ukrainian market to launch its more famous global fast food franchises later, said Olga Nasonova, director of Kyiv-based Restaurant Consulting.
“International investors have switched their attention to the Ukrainian fast food market, especially to its successful players,” she said.
AmRest will pay $36.2 million for a 30 percent stake in Kroshka Kartoshka, the company said. Kroshka Kartoshka owns a 51 percent stake in the Pechena Kartoplia brand in Ukraine, which has 15 restaurants in Kyiv, Odesa, Vinnytsia, and Dnipropetrovsk.
AmRest will follow in the footsteps of American fast food chain Church’s Chicken, which announced plans late last year to enter the Ukrainian market through its Russian franchisee, European Active Corporation.
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