Telepizza, the Spanish fast food group, has been bought by Permira, the private equity firm, for Eu850m (£580.08m) – nearly Eu120m more than rival CVC's bid. Permira is said to be planning to turn the company into the Iberian Peninsula's largest independent fast food group. This will mean opening restaurants in smaller villages and linking up with Guatemala's expanding Pollo Campero chain. The Independent on Sunday 23/07/06 (Business) page 3