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Jubilant Foodworks provides guarantee on behalf of Jubilant Netherlands (subsidiary)

Capital Market 

Jubilant Foodworks has issued a guarantee on behalf of Jubilant Foodworks Netherlands B. V. (Jubilant Netherlands/ Acquirer), which is a wholly owned subsidiary of the Company, pursuant to a purchase agreement in terms of which Jubilant Netherlands proposes to fully acquire Fides Food Systems Coeratief U.

A. which holds 32.81% equity shares in DP Eurasia N. V. (DP Eurasia). The Acquirer is intended to be funded by the Company in accordance with applicable ODI Regulations.

DP Eurasia 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, February 20 2021. 14:33 IST