herald

Saturday 16 December 2017

Chinese buy-out Italian

acquisitions

ONE of the country's biggest Italian restaurant chains is to be sold to a Chinese firm as part of a €1.1bn deal.

The parent company of Milano's said it had agreed terms to sell it and its international brand Pizza Express to China's Hony Capital for £900m (€1.1bn).

Milano has more than a dozen outlets across in Ireland.

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