DP Poland PLC - Domino's Pizza franchisor in Poland - Shares suspended following application made with Polish Competition Authority of possible takeover of Polish pizza restaurant group Dominium SA. As a result, it is possible that Accession Mezzanine Capital III LP, Dominium's largest shareholder will have direct or indirect majority control of DP Poland's shares. Group has entered non-binding letter of intent to enter advanced discussions with Dominium. Acquisition is subject to execution of share purchase agreement, publication of admission document and all shareholder and regulatory approvals.
"The directors believe the potential acquisition will create a superior restaurant group with greater scale and to utilise the anticipated synergies which are expected to be presented upon a combination of both businesses under the Domino's brand," DP Poland states.
Current stock price: Shares suspended at 7.25 pence
Year-to-date change: up 53%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Dp Poland (DPP)