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Jubilant Foodworks Netherlands B.V. (JFN), a wholly owned subsidiary of Jubilant Foodworks (the Company), proposes to acquire upto 17.18% ordinary shares of DP Eurasia N.V. (DP Eurasia) through a reverse bookbuild process from certain professional investors of DP Eurasia.
Earlier, the Company through JFN, acquired 100% of Fides Food Systems Coöperatief U.A., Netherlands, which holds 32.81% ordinary shares of DP Eurasia.
Accordingly, post acquisition, the Company may indirectly hold upto 49.99% ordinary shares of DP Eurasia.
For funding the acquisition, JFN has a short term borrowing facility in place. Additionally, JFN is also exploring various other options to replace/refinance this short term borrowing facility with a long term facility or other means, as may be appropriate.
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