Fast-food giant Domino's Pizza (DOM) is seeking to stuff its international crust further with a £24m investment to acquire significant minority interests in the Icelandic, Norwegian and Swedish Domino's businesses. This comes shortly after its recent joint-venture acquisition of Germany's Joey's Pizza.
Management said the existing teams would be retained and that there had been an agreement struck with an eye to future majority ownership and control by the UK entity. The group is buying the stakes from Birgir Bieltvedt, the chairman and founder of Domino's Iceland, and certain other investors. Following the investment, Domino's will hold a 49 per cent stake in Iceland and an effective interest of 45 per cent in both the Norwegian and Swedish businesses.