Cyprus Mail

Pizza firm DP Eurasia considers divestment of Russian business

pizza russia

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.

Follow the Cyprus Mail on Google News

Related Posts

Winners of Stelios bicommunal awards announced

Tom Cleaver

Electricity authority finds illegal solar installations

Staff Reporter

Cyprus sees ‘one of the largest increases’ in renewable energy share

Tom Cleaver

“Nurturing the talents of tomorrow”: Adsterra Backs Up the 2nd Youth Tech Fest Cyprus 2024

Souzana Psara

Comparing European loans: What borrowers need to know

CM Guest Columnist

Oil extends losses on easing Middle East tension, demand concerns

Reuters News Service