Pizza firm DP Eurasia considers divestment of Russian business (updated)
28/12/2022 07:29
(Adds detail)
Dec 28 (Reuters) - DP Eurasia DPEU.L , which runs the
Domino's Pizza brand in Turkey and Russia, said on Wednesday it
was considering options for its Russian operations, including a
divestment.
It added the work on a potential transaction was ongoing and
there could be no certainty as to the outcome.
"DP Eurasia is evaluating its presence in Russia, the impact
of sanctions and its continuing ability to serve its customers
in Russia," it said, responding to market speculation regarding
an exit from its Russian operations.
"Consequently, the company is considering various options
which may include a divestment of its Russian operations," it
said.
While many Western companies exited Russia after Moscow's
invasion of Ukraine began on Feb. 24, DP Eurasia said in April
it planned to stay, but would limit investment there.
The London-listed company said in October it would keep
optimising its store count in Russia and that it had 171 stores
in the country at the end of October, compared to 192 a year
earlier.
(Reporting by Anna Pruchnicka, Editing by Kirsten Donovan)
((anna.pruchnicka@thomsonreuters.com; +48 58 769 65 14;))