India’s Jubilant Foodworks to enter European fast food franchise business through acquisition of Dutch firm

INDIA – Jubilant Foodworks Limited (JFL), which operates Domino’s Pizza and Dunkin Donuts in India, is poised to enter the European fast food chain business through an acquisition of Netherlands-based firm, Fides Food System. According to report by Economic Times India, the acquisition of Fides Food System will be made through the company’s wholly owned subsidiary – Jubilant Foodworks Netherlands BV at a cost of US$34.78 millon. Fides (currently owned by Turkish Private Equity Fund II LP) holds 32.81% equity shares in DP Eurasia NV, which is the exclusive master…

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