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Shares of Jubilant FoodWorks, the master franchise owner of Domino s Pizza in India, surged 6 per cent and hit a fresh 52-week high of Rs 3,127 on the BSE on Monday after the company said it would fully acquire Netherlands-based Fides Food Systems Coöperatief U.A. via its wholly-owned subsidiary Jubilant Foodworks Netherlands B.V. We wish to inform that Jubilant Foodworks Netherlands B.V., wholly-owned subsidiary of the company, has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Coöperatief U.A. Jubilant FoodWorks Limited has also executed the Purchase Agreement as guarantor in connection with the investment obligations of Jubilant FoodWorks Netherlands B.V., the company said in a statement.

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