Franco Manca owner agrees to £93m buyout by Japanese group

Tokyo-listed Toridoll partners with Capdesia to acquire pizza and Greek casual dining business Fulham Shore

The owner of Franco Manca and The Real Greek restaurant chains has agreed to sell the business to the Japanese operator of Wok to Walk and Marugame Udon for 93.4m.

Toridoll, which is listed on the Tokyo exchange and has sales of 1bn worldwide, said it had partnered with the restaurant sector specialist fund Capdesia to buy the London-listed pizza and Greek casual dining group Fulham Shore for 14.15p a share in cash.