April 19, 2021

Jubilant Foodworks to accumulate Fides Meals Techniques by means of Netherlands-based arm

Restricted (JFL), which operates Domino’s Pizza and Dunkin Donuts in India, will totally purchase Netherlands-based Fides Meals Techniques, for GBP 24.80 million by means of its wholly owned subsidiary – Jubilant Foodworks Netherlands BV, the corporate stated in a press release on Friday.

Fides holds 32.81% fairness shares in DP Eurasia NV, which is the unique grasp franchisee of Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia. DP Eurasia (along with its subsidiaries) presents pizza supply and takeaway/ eat-in amenities at 771 shops.

“We’ve been companions with Domino’s in India for greater than twenty-five years; with that have we hope so as to add worth in DP Eurasia’s enterprise and likewise create worth for our shareholders,” JFL chairman Shyam Bhartia stated in a press release.

Jubilant Foodworks Netherlands BV and Jubilant Foodworks Ltd, performing as a guarantor for funding obligation of its wholly owned subsidiary, has entered into the acquisition settlement with Turkish Personal Fairness Fund II LP, which is the only member of Fides.

JFL, India’s largest meals companies firm, operates 1,314 Domino’s Pizza eating places. Its personal companies embody chinese language delicacies model Hong’s Kitchen, biryani model Ekdum and a ready-to-cook vary of sauces, gravies and pastes underneath the label ChefBoss.