American Restaurants will float its majority shares in the KFC and Pizza Hut restaurant chains on the Warsaw Bourse (WSE) in 2003, according to CEO Henry McGovern.
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The company, which controls the Polish arms of the multinational chains, expects to raise US$50m from the sale. Also within the next three years, American Restaurants plans to invest US$75m in the country with the opening of around 100 new restaurants. This initiative will see the creation of about 5,000 new jobs.
