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IN BRIEF: Jubilant buys more DP Eurasia shares as looks to buy firm

Thu, 30th Nov 2023 18:34

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - Jubilant Foodworks Netherlands BV acquires 855,970 DP Eurasia shares at a price of 84.75 pence each and 1.0 million shares at a price of 84.26p per share in London. Jubilant now owns 78.5 million DP Eurasia shares or 54%.

On Tuesday, having bought around 3.9 million shares and taking its shareholding to over 50%, Jubilant explained that it is now required to make a mandatory offer to acquire all of the issued and outstanding ordinary shares and depository receipts of DP Eurasia within 30 days. Earlier Tuesday, DP Eurasia NV told shareholders to take no action after the pizza chain master franchisee received an unsolicited takeover bid. Jubilant is looking to buy the remainder of the firm's shares, valuing all of DP Eurasia at GBP124.6 million.

Current stock price: 85.00p, up 1.5%

12-month change: More than doubled

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

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