Acquisitions31 Jan 2024, 01:59 am
Jubilant FoodWorks Ltd acquires majority stake in DP Eurasia N.V.
AI Summary
Jubilant FoodWorks Ltd (JFN) has acquired 28,831,089 ordinary shares of DP Eurasia N.V. (DPEU) representing approximately 19.7% of DPEU shareholding for an aggregate consideration of GBP 31.7 million. JFN has also acquired 28,313 ordinary shares of DPEU through market purchases for an aggregate consideration of GBP 0.03 million. As a result, JFN will hold 75.8% of the share capital of DPEU and has given notice to the London Stock Exchange for cancellation of listing and trading of DPEU shares.,
Key Highlights
- JFN acquires majority stake in DPEU
- JFN holds 75.8% of DPEU share capital
- JFN acquires 28,831,089 ordinary shares of DPEU for GBP 31.7 million
- JFN acquires 28,313 ordinary shares of DPEU through market purchases for GBP 0.03 million