October 19, 2017 / 6:36 AM / 4 months ago

Domino's German JV to buy independent chain Hallo Pizza

(Reuters) - Domino’s Pizza Group Plc (DOM.L) said its German joint venture, in which it owns a third of the stake, would buy Germany’s largest independent pizza chain, Hallo Pizza, to expand its business in the country.

    Domino’s Pizza, a master franchisee of U.S.-based Domino’s Pizza Inc (DPZ.N), said the deal worth 32 million euros ($37.8 million) on a cash-and-debt-free basis, would add Hallo’s 170 stores to its business.

    The transaction is expected to close in the first quarter of 2018, Britain’s biggest pizza delivery firm said on Thursday.

    ($1 = 0.8472 euros)

    Reporting by Rahul B in Bengaluru; Editing by Amrutha Gayathri

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below