Completion of Strategic German Joint Venture

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.

 

END

 

 

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