Jubilant Foodworks to acquire Fides Food that owns Domino’s in over 4 countries

Fides holds 32.81% equity shares in DP Eurasia NV, which is the exclusive master franchisee of Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia.
  • Nusra Deputy Features Editor
Jubilant

Owners of Domino’s Pizza and Dunkin Donuts in India, Jubilant Foodworks Limited (JFL), has announced that it will acquire Netherlands-based Fides Food Systems, for GBP 24.80 million through its wholly owned subsidiary - Jubilant Foodworks Netherlands BV.

Also Read: Owners of Domino's in India Jubilant Foodworks forms subsidiary in Netherlands

Fides holds 32.81% equity shares in DP Eurasia NV, which is the exclusive master franchisee of Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia. DP Eurasia (together with its subsidiaries) offers pizza delivery and takeaway/ eat-in facilities at 771 stores.

“We have been partners with Domino’s in India for more than twenty-five years; with that experience we hope to add value in DP Eurasia’s business and also create value for our shareholders,”  said Shyam Bhartia, Chairman, JFL.

Jubilant Foodworks Netherlands BV and Jubilant Foodworks Ltd, acting as a guarantor for investment obligation of its wholly owned subsidiary, has entered into the purchase agreement with Turkish Private Equity Fund II LP, which is the sole member of Fides.

May Interest: “Jubilant FoodWorks now among top 100 companies by Market cap”, tweets Pratik Pota

Jubilant operates 1,314 Domino’s Pizza restaurants apart from chinese cuisine brand Hong’s Kitchen, biryani brand Ekdum and a ready-to-cook range of sauces, gravies and pastes under the label ChefBoss.

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