Acquisitions26 Jan 2024, 07:56 pm
Jubilant FoodWorks Ltd's Subsidiary Acquires Majority Stake in DP Eurasia N.V.
AI Summary
Jubilant FoodWorks Ltd's wholly owned subsidiary, JEN, has acquired 2,076,035 ordinary shares of DP Eurasia N.V., representing approximately 30.3% of shareholding. The company has also received irrevocable undertakings to accept the increased offer by shareholders of DPEU representing approximately 3.02% of shareholding. As a result, JEN will hold 59.11% of the share capital of DPEU.,
Key Highlights
- Jubilant FoodWorks Ltd's subsidiary acquires majority stake in DP Eurasia N.V.
- JEN holds 59.11% of DPEU's share capital
- Company receives irrevocable undertakings from shareholders of DPEU
- Market purchases made for aggregate consideration of GBP 2.26 million