19 Feb 2021 11:13
IMPORTANT NOTICE
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED BY THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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FOR IMMEDIATE RELEASE
19 February 2021
FIDES FOOD SYSTEMS COOPERATIEF U.A.
Turkish Private Equity Fund II L.P. to dispose of Fides Food Systems Coöperatief U.A.
Turkish Private Equity Fund II L.P. (TPEF II L.P.), the private equity fund, announces it has as of today entered into a binding Purchase Agreement with Jubilant Foodworks Limited ("JFL"), the largest foodservice company in India, and Jubilant Foodworks Netherlands B.V, JFL's wholly owned subsidiary, to transfer its entire stake in Fides Food Systems Coöperatief U.A. ("Fides"). Fides is the beneficial owner of 32.81% of equity shares of DP Eurasia N.V. ("DP Eurasia").
DP Eurasia is a public company, trading on the main market for listed securities of the 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 its 771 stores (568 in Turkey, 190 in Russia, 9 in Azerbaijan and 4 in Georgia as on 31 December 2020).
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This announcement includes forward-looking statements, which are based on current expectations and projections about future events. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect TPEF II L.P.'s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions. TPEF II L.P. expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.