Published:
Pizza Hut UK chief to announce buyout of British operations
Pizza Hut UK chief mulls buyout of British operations
A management buyout led by CEO Jens Hofma is likely to be announced within the next few days.
Sky News reported that the 260-outlet business will change hands in a deal estimated to be worth more than £100m.
The transaction will involve CEO Jens Hofma, who has run Pizza Hut UK since 2009, being backed by debt provided by Pricoa, a US-based institution.
It is expected to be signed as early as Friday, more than two years after current owner Rutland Partners hired advisers to run an auction.
