Domino’s Pizza completes giveaway of Swedish business as it pays ‘buyer’ £1.8mln to take it
The new owner is a company called Eyja fjárfestingafélag that is controlled by Birgir Bieltvedt, the indirect owner of Domino's franchisee DP Norway
Domino’s Pizza Group PLC (LON:DOM) announced that the transaction to offload its Swedish arm PPS Foods completed on Sunday.
The fast-food chain said in March it would pay €2mln (£1.8mln) in cash to the ‘buyer’, a company called Eyja fjárfestingafélag that is controlled by Birgir Bieltvedt, the indirect owner of Domino's franchisee DP Norway.
Domino's Sweden is the master franchisee in the Scandinavian country with 14 stores.