Jubilant to hike stake in Domino's Eurasian franchisee to 49.99%

BSE Disclosure  

Jubilant Foodworks Netherlands B.V. (“JFN”), a wholly owned subsidiary of publicly listed Jubilant Foodworks Limited is to acquire upto 17.18% ordinary shares of DP Eurasia N.V. (“DPEurasia”) through a reverse bookbuild process from certain professional investors of DP Eurasia at 95 pence per ordinary share. JFN has a short term borrowing facility in place for funding the acquisition. JFN had earlier acquired 100% of Fides Food Systems Coöperatief U.A., Netherlands, which holds 32.81% ordinary shares of DP Eurasia. Post the latest acquisition, JFN will hold up to 49.99% ordinary shares of DP Eurasia. Netherlands ncorporated, LSE-listed DP Eurasia 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 its 789 stores (584 in Turkey, 192 in Russia, 9 in Azerbaijan and 4 in Georgia as at 30 June 2021) and operates through its owned corporate stores (28%) and franchised stores (72%).

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