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Romania's Sphera Franchise opens new Pizza Hut Express restaurant

Romania's Sphera Franchise opens new Pizza Hut Express restaurant Pizza Hut FCD unit Source: Sphera Franchise Group

BUCHAREST (Romania), June 16 (SeeNews) - Sphera Franchise Group [BSE:SFG], the manager of KFC, Pizza Hut and Taco Bell brands in Romania, said on Thursday it opened a new Pizza Hut Express restaurant in the southwestern city of Targu Jiu.

Located in Shopping City Targu Jiu mall, the restaurant is the second Pizza Hut Express restaurant in Romania, Sphera Franchise said in a statement filed with the Bucharest Stock Exchange, BVB.

Sphera Franchise Group currently operates 174 restaurants: 94 KFC restaurants in Romania, two in Moldova and 20 in Italy, as well as 42 Pizza Hut restaurants and 14 Taco Bell restaurants located in Romania.

Sphera's shares traded 0.38% higher at 13.25 lei ($2.8/ 2.7 euro) as at 1308 CET on Thursday on the BVB.

(1 euro=4.9443 lei)

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