It will also take on Wagamama’s net debt of £202m. Wagamama has 133 directly-operated restaurants in the UK and five in the US. It also has 58 franchised restaurants in other countries, including three in Dublin.
The deal is being funded through a mixture of cash, new debt and a proposed rights issue which will raise £315m.
"This transaction is an exciting and transformative opportunity to create a business which can pursue a...
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