Domino’s in $165m raise for super-sized European expansion

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ASX-listed Domino’s will take full ownership of the German pizza business and its 400-plus outlets, seven years on from a market entry.

in fresh capital as it moves to full ownership of its pizza business in Germany, seven years after it made a foray into that market in a joint venture with its British stablemate.

The Australian-listed business is now buying out the remaining one-third of the joint venture entity, with funds raised via a $150 million placement and a $15 million share purchase plan.are a big drag on the economy because of its dependence on gas from Russia. That has been upended after the Russian invasion of Ukraine.

Mr Meij said on Thursday there had not been much change in trading conditions since the trading update on November 2. “The business continues to track to plan,” he said. The company’s shares were trading at $164 in mid-September last year before inflation started to rise and input costs jumped.with the acquisition of 287 stores in Malaysia, Singapore and Cambodia in a deal with an upfront price of $214 million, in what was the biggest acquisition in the company’s history. The Malaysia, Singapore and Cambodia businesses had also been trading in line with expectations, the company said.

Source: News Formal (newsformal.com)

 

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