BurgerFuel Exits Iraq
BurgerFuel Exits Iraq
Burger Fuel Group Limited (BFG) would like to advise the market that its Master
Licensee in Iraq has closed its last remaining BurgerFuel store in Baghdad. Whilst Iraq
did experience a period of stability a few years ago and two BurgerFuel restaurants were
operating at one point, the situation in Iraq has progressively worsened. Given the
ongoing turmoil and recent escalation of major potential warfare, the company saw no
prospect of operating in Iraq in the future.
BFG advises that there will be no material effect on its earnings as a result of the single
store closure in Iraq.
Mark Piet
Company Secretary
Burger Fuel Group Limited
Mark.Piet@Burgerfuel.com
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