Domino's Pizza Enterprises Limited (ASX:DMP) entered into a binding agreement to acquire Pizzavest Co., Ltd. from Formosa International Hotels Corporation (TWSE:2707) for TWD 1.7 billion on June 10, 2021. Domino's Pizza is acquiring 4.1 million shares of Pizzavest for TWD 416 per share. As per the transaction, consideration will be paid on cash and debt free basis and will be funded from cash and debt facilities. In 2020, Pizzavest Co., Ltd. generated sales of approximately TWD 1.6 billion and EBITDA of approximately TWD 100 million. The transaction is subject to satisfaction of local regulatory approvals and is expected to close in the first half of FY2022. The transaction is expected to be earnings per share accretive and is expected to have a marginal positive contribution to Domino's Pizza Enterprises Limited's FY2022 underlying earnings. As of August 18, 2021, transaction is expected to be completed by early September.

Domino's Pizza Enterprises Limited (ASX:DMP) completed the acquisition of Pizzavest Co., Ltd. from Formosa International Hotels Corporation (TWSE:2707) on August 31, 2021.