Inactive Instrument

DP Eurasia N.V.

DPEU

NL0012328801

Jubilant buys more DP Eurasia shares as looks to buy firm

November 30, 2023 at 01:36 pm EST

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - Jubilant Foodworks Netherlands BV acquires 855,970 DP Eurasia shares at a price of 84.75 pence each and 1.0 million shares at a price of 84.26p per share in London. Jubilant now owns 78.5 million DP Eurasia shares or 54%.

On Tuesday, having bought around 3.9 million shares and taking its shareholding to over 50%, Jubilant explained that it is now required to make a mandatory offer to acquire all of the issued and outstanding ordinary shares and depository receipts of DP Eurasia within 30 days. Earlier Tuesday, DP Eurasia NV told shareholders to take no action after the pizza chain master franchisee received an unsolicited takeover bid. Jubilant is looking to buy the remainder of the firm's shares, valuing all of DP Eurasia at GBP124.6 million.

Current stock price: 85.00p, up 1.5%

12-month change: More than doubled

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 30	11,089 PTS	+1.67%	+5.34%	-
JUBILANT FOODWORKS LIMITED	457.6 INR	-1.22%	+3.48%	3.66B
US DOLLAR / TURKISH LIRA	32.34 TRY	-0.08%	-0.65%	-

Latest news about DP Eurasia N.V.

DP Eurasia Delists from London Stock Exchange	Feb. 28	MT
DP Eurasia to be taken private following Jubilant offer	Feb. 20	AN
DP Eurasia store count at 796 at end of 2023	Feb. 16	AN
DP Eurasia to Delist from London Bourse by February-end	Jan. 31	MT
Jubilant Foodworks Netherlands B.V. completed the acquisition of 51.16% stake in DP Eurasia N.V. (LSE : DPEU) from group of sellers.	Jan. 30	CI
DP Eurasia to axe listing as Jubilant bid gets 76% backing	Jan. 30	AN
FTSE 100 Closes Down as Early Rate-Cuts Hopes Fade	Jan. 16	DJ
DP Eurasia Accepts Jubilant FoodWorks' Final Cash Bid for Remaining Shares	Jan. 16	MT
DP Eurasia shares rise as Jubilant makes "increased and final" offer	Jan. 16	AN
Jubilant Foodworks extends deadline for DP Eurasia offer	Jan. 15	AN
DP Eurasia Suitor Jubilant Foodworks Extends Acceptance Period for Takeover Proposal	Jan. 15	MT
DP Eurasia till negotiating with Jubilant Foodworks over takeover	Dec. 28	AN
DP Eurasia Asks Shareholders to Reject Jubilant Foodworks’ Revised Buyout Offer	Dec. 28	MT
DP Eurasia Suitor Jubilant Foodworks Says Offer is Fair	Dec. 22	MT
DP Eurasia Insists Jubilant FoodWorks' Sweetened Buyout Bid Undervalues Business	Dec. 21	MT
Jubilant FoodWorks Says DP Eurasia Rejected Takeover Offer Without Review	Dec. 20	MT
FTSE 100 Index Closes Up 0.3% Lifted by Oil, Miners	Dec. 19	DJ
Jubilant FoodWorks Ups Bid for Remaining DP Eurasia Shares	Dec. 19	MT
DP Eurasia urges shareholders against Jubilant Foodwork's new offer	Dec. 19	AN
FTSE 100 Ends Tuesday Down Again as Commodities Weakness Continues to Weigh	Dec. 05	DJ
DP Eurasia Board Says Jubilant Foodworks Takeover Offer Undervalues Company	Dec. 05	MT
FTSE 100 Ends Friday Up as Miners Rally	Dec. 01	DJ
DP Eurasia "extremely disappointed" in Jubilant Foodworks	Dec. 01	AN
DP Eurasia Enlists Liberum Capital to Evaluate Jubilant Foodworks Offer	Dec. 01	MT
Jubilant buys more DP Eurasia shares as looks to buy firm	Nov. 30	AN

Chart DP Eurasia N.V.

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Company Profile

DP Eurasia NV is a Netherlands-based company, which operates as a franchisee in Turkey, Russia, Azerbaijan and Georgia of Domino's Pizza. The Company offers pizza delivery and takeaway/eat-in facilities at its more than 570 stores that include corporate stores and franchised stores, which together are referred to as its system stores. The Company offers pizza products at a range of price points and adapted to local tastes. It also offers complementary products such as chicken, other side dishes and desserts, some of which are developed by the Group's centre in Istanbul and subsequently adopted by other franchisees of DP Inc internationally. The Company also operates an online ordering channel.

Sector

Restaurants & Bars

Calendar

2024-09-09 - Q2 2024 Earnings Release (Projected)

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