jonni
12 Dec 2009
Law / Coffee Heaven (Poland's biggest coffee chain) for sale [33]
I found this in a newspaper today - seems cheap in relation to the size of the company.
telegraph.co.uk/finance/newsbysector/retailandconsumer/6790624/Whitbread-to-buy-Polish-coffee-chain-Coffeheaven-for-32m.html
"Costa-owner Whitbread is in talks to buy Coffeeheaven, Poland's biggest coffee chain, for £32m.
There are around 1,000 Costa coffee shops in the UK and 400 abroad. The companies are in advanced talks over a cash offer of 24p a share.
Coffeeheaven is the market leader in Poland and also has cafes and sandwich bars in the Czech Republic, Latvia, Bulgaria and Hungary. The company is listed on London's AIM market.
Coffeeheaven reported a first-half loss of £554,000 this year, down from a £684,000 loss the previous year
telegraph.co.uk/finance/newsbysector/retailandconsumer/6790624/Whitbread-to-buy-Polish-coffee-chain-Coffeheaven-for-32m.html
I found this in a newspaper today - seems cheap in relation to the size of the company.
telegraph.co.uk/finance/newsbysector/retailandconsumer/6790624/Whitbread-to-buy-Polish-coffee-chain-Coffeheaven-for-32m.html
"Costa-owner Whitbread is in talks to buy Coffeeheaven, Poland's biggest coffee chain, for £32m.
There are around 1,000 Costa coffee shops in the UK and 400 abroad. The companies are in advanced talks over a cash offer of 24p a share.
Coffeeheaven is the market leader in Poland and also has cafes and sandwich bars in the Czech Republic, Latvia, Bulgaria and Hungary. The company is listed on London's AIM market.
Coffeeheaven reported a first-half loss of £554,000 this year, down from a £684,000 loss the previous year
telegraph.co.uk/finance/newsbysector/retailandconsumer/6790624/Whitbread-to-buy-Polish-coffee-chain-Coffeheaven-for-32m.html