London snubbed by Russian Papa John’s

first_img THE RUSSIAN franchise of Papa John’s, the global pizza chain, has snubbed London to list on the Frankfurt Stock Exchange.Worldwide Papa’s, which operates four outlets in St. Petersburg under the American brand Papa John’s, will today begin trading in Germany.The development comes after a slew of Russian companies pulled plans to list in London.The company considered London for the listing, as well as Hong Kong, although chose Frankfurt due to its strong ties to Russia.A total of 66 firms from the country are now listed in Frankfurt, catching up on the 100 companies on the London Stock Exchange.Worldwide Papa’s has issued 80 million shares for 100 per cent of the company in an effort to raise €5.6m (£4.7m), valuing the firm at €56m.One of the firm’s outlets in St Petersburg is amongst the top three Papa John’s pizza chains out of more than 3,300 worldwide.The company hopes to use the share issuance to expand, with plans for more than 200 restaurants. Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Show Comments ▼ whatsapp Sharecenter_img KCS-content whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Sunday 13 February 2011 10:51 pm London snubbed by Russian Papa John’s last_img

Leave a Reply

Your email address will not be published. Required fields are marked *