FRANCHISING | Staff Reporter, India

Jubilant Foodworks to buy stake in Domino's master franchisee in four countries

They will have 32.81% of equity shares in DP Eurasia through a subsidiary.

Jubilant Foodworks Ltd, the operator of Domino’s in India, has agreed to acquire a stake in the pizza chain’s franchise holder for restaurants in Turkey, Russia, Azerbaijan and Georgia.

The company will buy a 32.81% stake in DP Eurasia N.V. through its subsidiary, Jubilant Foodworks Netherlands B.V., according to an exchange filing.

Jubilant Foodworks Netherlands B.V. will acquire Fides Food Systems Coöperatief U.A., Netherlands, the owner of 32.81% of equity shares in DP Eurasia, in an all-cash deal amounting to nearly 24.8 million pounds (approximately US$35 million).

Both Jubilant Foodworks Netherlands B.V. and Jubilant Foodworks entered into a purchase agreement with Turkish private equity fund II L.P., which owns Fides Food Systems.

DP Eurasia, together with its subsidiaries, offers delivery, takeaway and eat-in facilities at 771 stores in Turkey (568 stores), Russia (190 stores), Azerbaijan (9 stores) and Georgia (4 stores).

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