Spur Corporation Limited (JSE:SUR) agreed to acquire 51% stake in Nikos Coal Grill Greek from Peter Nicolette, Nicholas Triandafillou and Pano Economou on June 28, 2018. Purchase price will be calculated based on a five-times earnings multiple after year three. Spur Corporation will have an option to acquire additional 19% shareholding after three years. Peter, Nicholas and Pano will retain remaining 49% stake in Nikos. Peter, Nicholas and Pano will continue to manage the business with the support of the Spur group’s franchising expertise. Transaction is subject to due diligence evaluation. Bernadt Vukic Potash & Getz acted as legal advisor to Spur Corporation. Spur Corporation Limited (JSE:SUR) completed the acquisition of 51% stake in Nikos Coal Grill Greek from Peter Nicolette, Nicholas Triandafillou and Pano Economou on August 1, 2018.