Jubilant Foodworks Netherlands BV (“JFN”), a wholly-owned subsidiary of Jubilant Foodworks Limited (the “Company”), proposes to acquire up to 17.18% of ordinary shares of DP Eurasia NV (“DP Eurasia” ) through a reverse book creation process with certain professional DP Eurasia investors. Previously, the Company, through JFN, had acquired 100% of Fides Food Systems Coperatief UA, Netherlands, which owns 32.81% of the ordinary shares of DP Eurasia. Consequently, after the acquisition, the Company may indirectly own up to 49.99% of ordinary shares of DP Eurasia. To finance the acquisition, JFN has a short-term loan facility. In addition, JFN is also exploring various other options to replace / refinance this short term loan facility with a long term facility or other means as appropriate.
DP Eurasia NV (âDP Eurasiaâ) is a public company incorporated in the Netherlands and listed on the London Stock Exchange PLC. DP Eurasia is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia. DP Eurasia (with its subsidiaries) offers pizza and take-out / on-site delivery services to its 789 stores (584 in Turkey, 192 in Russia, 9 in Azerbaijan and 4 in Georgia as of June 30, 2021) and operates through through his own business. stores (28%) and franchise stores (72%).
Jubilant Foodworks Limited shares were last trading in BSE at Rs. 4,056.9 from the previous close of Rs. 4072.7. The total number of shares traded during the day was 12,226 in more than 2,184 trades.
The share hit an intraday high of Rs. 4,129.95 and an intraday low of 4,026.15. The net turnover during the day was Rs. 49,708,542.