Jubilant FoodWorks’ wholly owned subsidiary---Jubilant Foodworks Netherlands B.V., has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Cooperatief U.A. which holds 32.81% equity shares in DP Eurasia N.V. (DP Eurasia) (Purchase Agreement). Jubilant Foodworks has also executed the Purchase Agreement as guarantor in connection with the investment obligations of Jubilant Foodworks Netherlands B.V.
The acquisition of Fides by Jubilant Foodworks Netherlands B.V. will enable Jubilant Foodworks to indirectly hold 32.81% shares in DP Eurasia which is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia.
Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
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Britannia Inds | 4664.00 |
Varun Beverages | 1395.60 |
Marico | 506.30 |
Hatsun Agro Product | 1000.90 |
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