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Domino's Pizza sells Sweden business
StockMarketWire.com
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Pizza chain Domino's Pizza said it had agreed to sell its stake in its Sweden-based operations PPS Foods AB to Eyja fjarfestingafelag III EHF.
DPG paid €2 million (£1.8m) to Eyja fjarfestingafelag III EHF, a wholly owned subsidiary of Eyja fjarfestingafelag EHF, a company controlled by Birgir Bieltvedt, an indirect owner of DP Norway AS, as part of the transaction.
'The disposal of Domino's Sweden is part of DPG's planned exit from all directly operated international markets, to allow management to focus on its core UK and Ireland operations, as announced by the company in October 2019, and follows the exit in 2020 from Domino's Norway,' the company said.
The transaction was expected to be completed on 2 May 2021.
Story provided by StockMarketWire.com
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