DP Poland (LON: DPP) has agreed the acquisition of rival Poland-based pizza restaurant group Dominium for £22.7m in shares and loan notes of €7.5m. This reverse takeover will nearly double the number of stores to 126 and provide economies of scale.
The combined group will be one of the top three pizza chains in Poland. Competition has been fierce, and the group will be better placed to combat this. On its own DP Poland has struggled to grow revenues to the point where it can be consistently profitable.
Domino’s Pizza Inc is supportive of the deal and there will be temporary branding of ...
