Australia's Collins Foods up 3%; unit buys eight KFC restaurants

Collins Foods

02/05/2023 04:37

** Shares of Australia's Collins Foods Limited  CKF.AX  rise
as much as 2.7% to A$8.920, set to mark best day since April 20,
if current gains hold  
    ** Stock hits highest since April 26 
    ** Fast-food chain operator says its Dutch unit, Collins
Foods Netherlands Operations B.V., has completed the acquisition
of eight KFC restaurants in the Netherlands from R. Sambo
Holding B.V
    ** Adds eight restaurants being acquired do not count
towards the co's target of up to 130 net new KFC restaurants by
2031
    ** CKF has risen 20.9% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))