Inactive Instrument

DP Eurasia N.V.

DPEU

NL0012328801

DP Eurasia to axe listing as Jubilant bid gets 76% backing

January 30, 2024 at 02:48 pm EST

DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia - Jubilant Foodworks Netherlands BV reports acceptances from shareholders representing 76% of DP Eurasia shares. Accordingly, the listing of DP Eurasia shares on the premium listing segment of the Official List and the trading of DP Eurasia Shares on the London Stock Exchange's Main Market is to be cancelled. This will take effect on February 27. Jubilant Foodworks urges remaining shareholders to accept increased bid. Earlier January, DP Eurasia received a final takeover offer from Jubilant worth GBP161 million 110 pence per share.

Current stock price: 110 pence

12-month change: up 98%

By Jeremy Cutler, Alliance News 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.
LONDON STOCK EXCHANGE PLC	8,934 GBX	+0.49%	-0.56%	59.47B
FTSE 100	8,140 PTS	+0.75%	+3.09%	-
JUBILANT FOODWORKS LIMITED	437.4 INR	-0.38%	+0.39%	3.45B
US DOLLAR / TURKISH LIRA	32.4 TRY	0.00%	-0.67%	-

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

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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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