Noida (Uttar Pradesh) [India], February 19 (ANI): Food services major Jubilant FoodWorks said on Friday it will fully acquire Fides Food Systems Cooperatief UA Netherlands (Fides) for an agreed investment of 24.8 million pounds (about Rs 250 crore) through its wholly-owned subsidiary Jubilant FoodWorks Netherlands BV.
Jubilant Foodworks Netherlands has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Cooperatief U.A. for around 24.80 million pound sterling.Fides Food Systems holds 32.81 per cent .
Food services major Jubilant FoodWorks said on Friday it will fully acquire Fides Food Systems Cooperatief UA Netherlands (Fides) for an agreed investment of 24.8 million pounds (about Rs 250 crore) through its wholly-owned subsidiary Jubilant FoodWorks Netherlands BV. Fides is the beneficial owner of 32.81 per cent of equity shares of DP Eurasia NV, which 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. DP Eurasia and its subsidiaries offer pizza delivery and takeaway besides eat-in facilities at 771 stores (568 in Turkey, 190 in Russia, 9 in Azerbaijan and 4 in Georgia).
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