IN BRIEF: DP Poland buys fourth-largest pizza brand in Poland
DP Poland PLC - operator of Domino's pizza stores and restaurants in Poland and Croatia - Announces acquisition of Mastergrupa SP ZOO, trading as Pizzeria 105. It is the fourth-largest pizza brand in Poland, with 90 stores and 76 franchisees. The acquisition is for PLN42.3 million, around GBP8.5 million. The seller of Pizzeria 105, Marcin Ciesielski, agrees to re-invest one third of the sum via its family office, MC Family Fundacja Rodzinna, equating to around GBP2.7 million, subscribing for 23.6 million new shares of DP Poland at a price of 11.4 pence per share, a premium to their current price in London. With the acquisition, DP Poland expands its presence into 31 new Polish cities. Read More