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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Franco Manca owner agrees to £93m buyout by Japanese group

Diners at a Franco Manca restaurant
Shares in Fulham Shore, which owns Franco Manca and The Real Greek restaurant chains, rose by a third to 14p on Wednesday morning. Photograph: Michelle Grant/Rex/Shutterstock

The owner of Franco Manca and The Real Greek restaurant chains has agreed to sell the business to the Japanese operator of Wok to Walk and Marugame Udon for £93.4m.

Toridoll, which is listed on the Tokyo exchange and has sales of £1bn worldwide, said it had partnered with the restaurant sector specialist fund Capdesia to buy the London-listed pizza and Greek casual dining group Fulham Shore for 14.15p a share in cash.

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