Domino’s Pizza To Sell Iceland Business For GBP 13.7 Mln
Domino’s Pizza Group Plc (DOM.L) said on Monday that it has signed a binding sale and purchase deal with PPH ehf., an investment consortium, for the sale of its Iceland business Pizza Pizza ehf. The deal is valued at around 13.7 million pounds on a cash-free, debt-free basis, to be paid in cash.
Domino’s expects to complete the deal by May-end, after securing Icelandic competition approval by May 10. In the early phase, the company plans to use the sale proceeds to reduce company debt.
Domino’s Iceland now operates 23 stores and in fiscal 2020, reported underlying operating profit of 0.6 million pounds.
The sale of the Iceland franchise is part of the company’s earlier-announced plan on October 2019 to depart from all directly operated international markets so that it can solely concentrate on its main UK and Ireland operations.
The Iceland sale follows the exit in 2020 from Domino’s Norway and the announcement on March 8 of the exit from its Swedish business. Discussions are continuing regarding a disposal of its Swiss operations.
Birgir Bieltvedt, a consortium partner, is an indirect owner of DP Norway AS. Domino’s has, in a separate deal, agreed to sell its Swedish franchise or PPS Foods AB to Bieltvedt’s vehicle, Eyja fjárfestingafélag III ehf.
London Covid deaths fall to zero for first time in six months
March Madness schedule, odds and TV info for Monday’s women’s NCAA Tournament Elite Eight games
Trips to the Final Four are on the line as the women's Elite Eight kicks off Monday night in San Antonio.
The first of two matchups is a showdown between perennial powers as Baylor, the defending NCAA Tournament champion from 2019, squares off with No. 1 Connecticut. The Huskies have advanced to the Final Four in 12 consecutive tournaments, last falling short of the Final Four in 2007.
The second game is a matchup of Elite Eight newcomers, as No. 4 Indiana and No. 3 Arizona are in the regional finals for the first time. The Hoosiers are fresh off an upset of No. 1 North Carolina State – to this point the only No. 1 seed knocked out of the tournament.
U.S. Strategic Command Posts, Then Quickly Deletes, Mysterious Message
U.S. Strategic Command fired off something unexpected on Sunday, tweeting a message that practically no one understood.
The tweet, soon deleted, read:
Stars and Stripes reported that the brass had not yet commented on what happened. However, whoever was running the account may have accidentally typed the password ― to Twitter, or DoorDash or some other website ― into the message box.
The agency, which is charged with, among other things, deterring attacks and rapid response to threats, tweeted an apology, then deleted that as well.
Stratcom hasn’t had the best track record on Twitter. On New Year’s Eve 2018, the agency shared an image of a B-2 bomber, noted the ball drop in Times Square and wrote: “If ever needed, we are #ready to drop something much, much bigger.”
The agency apologized for that incident as well.
Twitter users reacted to the latest message:
Boy finds 480,000,000-year-old fossil in garden with kit he got for Christmas
Spoons boss says vaccine passports could be 'last straw' for pubs
Oil Prices Cut Early Loss
Oil prices fell on Monday as the cargo ship blocking the Suez Canal was partially refloated, raising hopes the vital waterway will soon be reopened.
Benchmark Brent crude fell as much as 2 percent earlier before recovering to trade on a flat note at $64.40 per barrel. WTI crude futures were down 0.4 percent at $60.72.
The stranded container ship was successfully re-floated at 4.30 a.m. local time and was being secured at the moment, Inchcape, a global provider of marine services, said on Twitter.
Ship-tracking service VesselFinder has changed the ship’s status to under way on its website.
The Ever Given, an enormous container ship almost the length of the Empire State Building, has been wedged since early last week in the canal. The authorities said they hoped the ship would soon be completely freed.
Almost 15 percent of world shipping goes through the Suez Canal, which cuts through Egypt from the Mediterranean to the Red Sea.