Indonesian retailer Mitra Adiperkasa said it will sell majority stakes in its Domino's Pizza and Burger King chains to keep its capital to develop its other franchises. Mitra Adiperkasa has reached an understanding with Everstone Capital, a private equity firm from Singapore, to sell a majority stake in Domino's Pizza, vice president director V.P. Sharma said on Wednesday at a public presentation.It will keep a 49 percent stake in the pizza chain.The company is also is talks with a number of potential buyers, including Everstone, to sell a majority stake in its Burger King franchise business.Sharma said the fast food chains have to have about 120 outlets to give "meaningful profit" for the company but Mitra Adiperkasa has limited capital to invest in the business. Domino's Pizza now has about 60 outlets and Burger King has 48 outlets.
Domino?s Pizza, Inc. (Domino?s) is a pizza delivery company in the United States. Shares of DPZ fell by 1.08% or $-0.78/share to $71.24. In the past year, the shares have traded as low as $55.75 and as high as $80.61. On average, 496308 shares of DPZ exchange hands on a given day and today's volume is recorded at 438808.
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