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Wagamama on course to be sold despite shareholder anger

Investors are worried about the level of debt taken on by private equity-owned restaurant chain

The Japanese-themed restaurant chain is at the centre of a controversial takeover saga
The Japanese-themed restaurant chain is at the centre of a controversial takeover saga Photo: Getty Images

Shareholders are sharply divided on the Restaurant Group’s proposed takeover of rival chain Wagamama, but some of the largest investors have now become confident the deal will reach the 50% threshold it needs to pass.

Richard Marwood, a fund manager at Royal London Asset Management, told Financial News the reason the deal had divided opinion was that the company’s investment story had changed.

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