23rd Oct 2019 11:35
(Alliance News) - Domino's Pizza Group PLC on Wednesday said Browning West LP holds a 5.3% stake in the pizza delivery firm following a recent purchase.
Browning West held 24.6 million Domino's shares following a transaction which took place on Friday last week, the day after Domino's announced its intention to exit international operations. Any previous holding was not disclosed.
Shares in Domino's were flat at 285.80 pence, which would value the 5.3% stake at about GBP70 million.
Domino's is pulling out of Switzerland, Iceland, Norway, and Sweden following a six-week review.
On Thursday last week, Chief Executive David Wild said that "although the financial results have stabilised" in the four countries, the firm's international business performance "remains disappointing" and so Domino's will "exit the markets in an orderly manner".
By Anna Farley; [email protected]
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