2023-11-30 18:36:06
DP Eurasia NV – master franchisee of 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 .26 pence per share in London. Jubilant now owns 78.5 million DP Eurasia shares, or 54%.
On Tuesday, after purchasing approximately 3.9 million shares and increasing its stake to more than 50%, Jubilant explained that it was now required to make a mandatory offer to acquire all common shares and depositary receipts issued and in circulation of DP Eurasia within 30 days. Earlier on Tuesday, DP Eurasia NV asked its shareholders to take no action after the pizza chain’s master franchisee received an unsolicited takeover offer. Jubilant is looking to buy the remaining shares in the company, valuing the whole of DP Eurasia at £124.6m.
Current share price: 85.00 pence, up 1.5%.
Variation over 12 months: More than doubled
By Greg Rosenvinge, Alliance News senior reporter
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