Apollo Group cleared to acquire the "Restoranas 12" and Caif Cafe chains in Lithuania

Lithuania's Competition Council has approved the acquisition by Apollo Group — the Estonian entertainment and dining group behind KFC, Delano and Can Can Pizza in Lithuania — of 100% of Restoranai dvylika and CCF kavinės, the operators of ten "Restoranas 12" self-service restaurants and twenty Caif Cafe coffee shops. The seller is Estonian-owned Defood, which itself had bought the chains from the Vilniaus prekyba group only months earlier. The agreements, signed in May, price the restaurant business at €5.1M and the café chain at €272,600. After closing, Apollo will operate more than 200 dining locations across four markets.