IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 The closure of 26 self-owned restaurants in Spain was the result of the decision to concentrate the activities of Pizza Movil and Pizza Hut in urban centres, the decision not to renew leases on eight Pans, Ribs and Frescco restaurants and the end of the concession at the FCB stadium. In Portugal, the Group closed 7 restaurants, including Pizza Hut, Pans, Miit and Pasta Caffé brands. In keeping with the BK and KFC expansion strategy, seven and six new restaurants were opened, respectively, two of which in Spain. Besides this, two new Taco Bell restaurants and one Ribs were opened in Portugal, as well as one restaurant which was still to be opened in the Barcelona airport, in keeping with the contract that began in May 2018, to fulfil obligations resulting from the adjudications the Group was given. At the end of the period, the Group was operating 531 self-owned units, 361 of which in Portugal, 160 in Spain and 10 in Angola, and 92 restaurants of Group owned brands operated by third parties through franchises. 29