19 Feb 2021 16:20
For Immediate Release | 19 February 2021 |
DP Eurasia N.V.
("DP Eurasia" or the "Company", and together with its subsidiaries, the "Group")
DP Eurasia notes the press releases published today by each of Jubilant Foodworks Limited ("JFL"), the largest foodservice company in India, and Fides Food Systems Coöperatief U.A. ("Fides") announcing that JFL and its wholly owned subsidiary, Jubilant Foodworks Netherlands B.V., have today entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides, which holds 32.81% of the ordinary share capital of DP Eurasia, for a price of approximately GBP 24.80 million.
As set out in the TR-1 disclosure published by the Company concurrent with the time of this announcement in accordance with DTR 5.8.12R (2), Turkish Private Equity Fund II L.P. has confirmed the disposal of its 32.81% shareholding in the Company.
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.
This announcement contains inside information under UK MAR.
Enquiries
DP Eurasia N.V. |
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Selim Kender, Chief Strategy Officer & Head of Investor Relations | +90 212 280 9636 |
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Buchanan (Financial Communications) |
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Richard Oldworth / Giles Stewart / Tilly Abraham | +44 20 7466 5000 dp@buchanan.uk.com |
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Notes to Editors
DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. The Company was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 3 July 2017. The Company (together with its subsidiaries, the "Group") is the largest pizza delivery company in Turkey and the third largest in Russia. The Group offers pizza delivery and takeaway/ eat-in facilities at its 771 stores (550 in Turkey, 190 in Russia, nine in Azerbaijan and four in Georgia as at 31 December 2020), and operates through its owned corporate stores (29%) and franchised stores (71%). The Group maintains a strategic balance between corporate and franchised stores, establishing networks of corporate stores in its most densely populated areas to provide a development platform upon which to promote best practice and maximise profitability. The Group has adapted the Domino's Pizza globally proven business model to its local markets.