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Corporate News
19-Feb-21
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Jubilant Foodworks to acquire indirect stake in Domino's Pizza brand franchisee in Turkey, Russia, Azerbaijan and Georgia
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Jubilant Foodworks announced that the company's wholly owned subsidiary, Jubilant Foodworks Netherlands B.V. has entered into a purchase agreement with Turkish Private
Equity Fund II L.P. to fully acquire Fides Food Systems Coöperatief U.A. which holds 32.81% equity
shares in DP Eurasia N.V. (DP Eurasia) (Purchase Agreement). Jubilant Foodworks (the company) has also executed the Purchase Agreement as guarantor in connection with the
investment obligations of Jubilant Foodworks Netherlands B.V.
DP Eurasia is a public company listed with London Stock Exchange PLC, and is the exclusive master
franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. DP Eurasia
(together with its subsidiaries) offers pizza delivery and takeaway/eat-in facilities at 771 stores (568
in Turkey, 190 in Russia, 9 in Azerbaijan and 4 in Georgia as on 31 December 2020).
The acquisition of Fides by Jubilant Foodworks
Netherlands B.V. will enable Jubilant Foodworks
(the Company) to indirectly hold 32.81%
shares in DP Eurasia which is the exclusive master
franchisee of the Domino's Pizza brand in Turkey,
Russia, Azerbaijan and Georgia. The cost of acquisition is GBP 24.80 million.
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