Domino's Pizza Group PLC Completion of Strategic German Joint Venture (6753N)
February 01 2016 - 10:03AM
UK Regulatory
TIDMDOM
RNS Number : 6753N
Domino's Pizza Group PLC
01 February 2016
COMPLETION OF STRATEGIC GERMAN JOINT VENTURE AND ACQUISITION OF
JOEY'S PIZZA
Further to the announcement made on 15 December 2015, Domino's
Pizza Group plc (the "Company" or the "Group") is pleased to
announce that all regulatory and other customary approvals have
been satisfied and that the strategic joint venture between the
Company and Domino's Pizza Enterprises in respect of the Group's
German operations, and acquisition of Joey's Pizza, the leading
pizza delivery business in Germany, have now completed.
The Company now owns a one-third equity stake in the largest
pizza delivery business in Germany, as well as the Domino's
franchises in the UK, Republic of Ireland and Switzerland.
Commenting on the completion of the transaction, David Wild, CEO
of Domino's Pizza Group, said:
"Our strategic stake in the joint venture positions DPG to
capitalise fully on the significant future growth potential of this
profitable and scaleable business. We look forward to partnering
with DPE."
ENDS
For further information, please contact:
Domino's Pizza Group plc
David Wild, Chief Executive Officer
01908 580000
Maitland
Greg Lawless, Robbie Hynes
020 7379 5151
Notes to Editors:
Domino's Pizza Group plc is the leading player in the
fast-growing pizza market and holds the exclusive master franchise
to own, operate and franchise Domino's Pizza stores in the UK,
Republic of Ireland, Switzerland, Liechtenstein and Luxembourg, and
holds a strategic stake in a joint venture which owns the largest
pizza delivery business in Germany. The first UK store opened in
Luton in 1985 and the first Irish store opened in 1991.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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