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  5. IN BRIEF: Jubilant Buys Fides, Becomes Biggest DP Eurasia Shareholder

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IN BRIEF: Jubilant Buys Fides, Becomes Biggest DP Eurasia Shareholder

Fri, 19th Feb 2021 17:41

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Notes that Jubilant Foodworks Ltd, the largest foodservice company in India, and its subsidiary Jubilant Foodworks Netherlands BV have entered into a purchase agreement with Turkish Private Equity Fund II LP to acquire Fides Food Systems Cooperatief UA for GBP24.8 million. Fides holds a 32.8% stake in DP Eurasia.

"As a result of the above transaction, JFL will become the largest shareholder in DP Eurasia, holding 32.81% of the company's ordinary share capital," DP Eurasia says.

Current stock price: 70.00 pence; up 11% on Friday

Year-to-date change: up 56%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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