Benzinga | Jun 24, 2021 12:28PM EDT

Wendys Partners To Expand Presence In Central Asia

* Wendys Co (NASDAQ:WEN), the owners of Kusto Group, and Global Investors Limited, have announced three strategic development agreements to expand Wendy's brand presence in the Central Asia Region over the next nine years.

* These partners will help bring Wendy's presence to a total of 65 restaurants across The Republic of Georgia, Uzbekistan, and Kazakhstan by 2030.

* On these lines, Kusto Group and Wissol Group opened the first two Wendy's restaurants in Kazakhstan located in the historic center of Almaty earlier this year.

* "We're excited to expand Wendy's presence across the Central Asia Region with world-class, experienced franchisees that have strong operations experience, local development expertise, and a proven track record for growing brands internationally," Abigail Pringle, President, Wendys.

* Price action: WEN shares are trading lower by 0.98% at $23.