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Orkla buys majority stake in Danish pizza chain

Norwegian conglomerate Orkla ASA bought a 67% stake in Danish chain Gorm's Pizza, becoming its majority stakeholder, FoodBev Media reported March 14.

The parties have a "mutual understanding" that the Danish company's DNA will remain the same, Gorm's Pizza CEO Anders Kjørup said.

The restaurant chain reportedly operates a catering service and has seven restaurants in Copenhagen.