Nordic Business Report-June 15, 2006-Rautakirja Group divests Pizza Hut restaurants in Finland to Icelandic entrepreneurs
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The Finnish trade and service group Rautakirja group, part of the SanomaWSOY media group, said on Thursday (15 June) that it has sold its eight Pizza Hut restaurants in Finland to Icelandic entrepreneurs Petur Jonsson and Thordis Loa Thorhallsdottir, who already operate three Pizza Hut restaurants in Iceland.
"In line with our overall strategy, we are concentrating on our core commercial areas, and divesting the Pizza Hut chain is part of this process" commented Erkki Jarvinen, president and CEO of Rautakirja.
No financial details were disclosed.
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