IN BRIEF: Tortilla Mexican Grill acquires Mexican food chain Chilango

Tortilla Mexican Grill PLC - London-based restaurant chain specialising in Mexican cuisine - Acquires Mexican restaurant chain Chilango Ltd for GBP2.8 million from investment firm RDCP Group Ltd. GBP250,000 of this consideration is to be paid through an earn-out as the company meets certain unspecified criteria. Says the acquisition will accelerate its expansion across the UK. Company plans to open 45 sites over the next five years.

Current stock price: 137.00 pence, down 3.9% in London

12-month change: down 29%

By Heather Rydings; heatherrydings@alliancenews.com

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