Poland-based pizza stores operator DP Poland (LON: DPP) is acquiring the owner of the Domino’s Croatia franchise for £2.4m in shares at 8p each. That is the same price as last November’s placing. This deal seems more about gaining a new chief executive than buying the business.
The share price reacted favourably, rising 0.9p to 6.15p. That is below the issue price of the shares used to pay for the acquisition. If a higher offer comes along the sellers can repurchase the business before the end of 2022.
All About Pizza gained the Domino’s Croatia franchise in 2019 and has opened two stor...
