Jubilant Foodworks Limited (JFL) is one of the largest foodservice company in India and operates Domino’s Pizza and Dunkin’ Donuts outlets in the country. The company has recently announced that it will fully acquire Fides Food Systems Coöperatief U.A., Netherlands (Fides) for an agreed investment of approximately £24.80M (approx €28.7M) through its wholly-owned subsidiary – Jubilant Foodworks Netherlands B.V.
Here’s what’s happening
“Fides is the beneficial owner of 32.81 per cent of equity shares of DP Eurasia N.V. (DP Eurasia). DP Eurasia is a public company listed with London Stock Exchange PLC and is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia,” mentions the company in its BSE filing. Established in 1875, BSE (formerly known as Bombay Stock Exchange), is an Indian stock exchange.