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Irth Capital Management considers takeover of Papa Johns

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Qatari -backed investment fund Irth Capital Management is considering a takeover bid for Papa Johns .

The investment fund is supported by a member of Qatar ’s royal family.

The pizza chain has a market capitalisation of $ 1.6bn .

Irth has disclosed a 4.99% stake in Papa Johns in 2024 , which equates to 1.6 million shares.