trending Market Intelligence /marketintelligence/en/news-insights/trending/Bsii6Gcoq-CStPVsr7GLxg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

AmRest sells food delivery unit PizzaPortal to Glovo for €30M

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


AmRest sells food delivery unit PizzaPortal to Glovo for €30M

Spain's AmRest Holdings SE said Aug. 13 that it agreed to sell 100% of its unit Restaurant Partner Polska Sp. z o.o., which does business as PizzaPortal, to Barcelona-based software developer Glovoapp23 S.L.,

The fast-food restaurant company is divesting PizzaPortal for €30 million, plus €5 million of conditional earn-out consideration.

AmRest will receive a combination of cash and newly issued shares of Glovo, according to the release. Glovo operates a platform for online ordering and delivery of food and other consumer goods in 202 cities across 26 countries. The Glovo app has more than 5.5 million users and 16,000 associated partners across Eastern Europe, the Middle East, and Africa, Latin America, and most recently, sub-Saharan Africa.

AmRest did not disclose the expected completion date but said the deal is subject to customary closing conditions.