Domino's Pizza Enterprises to take full control of Japan business
The company has agreed to pay AU$42m (US$32.4m) for the acquisition.
Domino’s Pizza Enterprises Limited has announched that it has entered into binding agreement with Bain Capital Domino Hong Kong Limited relating to the purchase of all of Bain Capital’s shares in the Domino’s Pizza Japan joint venture vehicle.
The purchase price, after associated completion costs and incorporating adjustments under the option pricing mechanism, will be approximately A$42 million. This is slightly below the amount of A$46.4 million recorded in the financial accounts of the Company for its financial year ended 2 July 2017.
The purchase price will be funded out of existing cash reserves and existing debt facilities.
The completion is expected to be completed on 27 October 2017, at which time Domino's Pizza Japan will become a wholly-owned subsidiary of the Company.
