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BRIEF-Domino's Pizza Enterprises Says To Acquire Co's Businesses In Malaysia, Singapore & Cambodia

Reuters SG
·1-min read

Aug 24 (Reuters) - Domino's Pizza Enterprises Ltd:

* ENTERED INTO BINDING AGREEMENTS WITH MIKENWILL (M) SDN IMPRESS FOODS PTE AND MINORITY SHAREHOLDERS

* TO ACQUIRE 100% INTERESTS IN DOMINO'S PIZZA BUSINESSES IN MALAYSIA, SINGAPORE AND CAMBODIA

* INCREASING ITS FUTURE STORE COUNT OUTLOOK IN ASIA FROM 2,400 STORES TO 3,000 STORES BY 2033

* TOTAL CONSIDERATION MAY INCLUDE AN EARN OUT OF UP TO 440 MILLION RGT PAID OVER NEXT 2 TO 3 YEARS

* DEAL IS C. 5% EPS POSITIVE ON PROFORMA 2022 FINANCIAL YEAR END BASIS WITHOUT SYNERGIES & EX COSTS

* INITIAL PURCHASE PRICE FOR ACQUISITION IS 660 MILLION RGT

* ACQUISITION WILL BE FUNDED THROUGH CASH AND DEBT FACILITIES Source text for Eikon: Further company coverage: