Englishman takes over Snack Attack for 200,000 euros

Businessman Alistair Willis has become the majority shareholder of Snack Attack, with 60% in the share capital, following a capital contribution of about 200,000 euros, show data published in the Official Gazette. The company had been planning its expansion for some time, a move for which it intended to raise funds through a capital increase announced last year. At that moment, the company was talking about attracting an investment fund. The representatives of the company could not be reached by the time the story was ready for print to comment on the information at hand, but sources close to the business say the money will be used to further the expansion plans. According to the latest information, the Snack Attack chain comprises 11 restaurants, all of which are located in Bucharest. Recent statements by the company representatives show the chain is to expand outside the Capital in 2007. Investments in a Snack Attack location range between 20,000 and 40,000 euros. The other two shareholders, who own 40%, are Florin Balu and Greig Simon Alastair Benjamin, through Virgin Islands-based Phantom Two Holdings investment vehicle. Florin Balu is also the chief executive of the company. Snack Attack products are sold through both the company’s own chain of restaurants and through some filling stations and supermarkets. The company wants to enter the coffee shop market with the Coffee Heaven brand, for which it established a joint venture with the British company that owns this brand.