M&A
Domino’s acquires Ireland’s largest franchise for €72m
Fast food giant said it wants to “meaningfully accelerate growth in Ireland”
Domino’s Pizza Group (DPG) has acquired Ireland’s largest franchise and is aims to expand their presence in the country.
In a stock exchange notice on Tuesday the company said it had signed a binding agreement to purchase Shorecal Limited, which it already had a 15 per cent stake in, for €72 million. Domino’s will also repay the company’s outstanding debt of €19.9 million upon completion.
Shorecal, which is owned by the Caldwell family and an ...
