Domino’s completes disposal of investment in German partner
The Transaction was completed on 5 June with £79.9m of proceeds received.
Domino’s has completed the disposal of investment in its German partner.
The transaction was completed on 5 June 2023 with £79.9m of proceeds received. As previously announced, this comprises a put option exercise price of £70.6m and the repayment of a £9.3m loan.
On 10 November 2022, Domino's Pizza Group plc announced that it had exercised a put option to dispose of its investment in its German associate.
The proceeds generated from the Transaction will be flowed through Domino’s capital allocation framework.
“The Company will release half-year results in August 2023 and will provide further details on the Transaction proceeds at that time. The Company continues to execute the £20m buyback as announced in its Q1 2023 trading statement on 4 May 20231,” Domino’s said in a statement.
