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DPZ - Domino's Pizza Inc News Story

$397.96 3.1  0.8%

Last Trade - 19/04/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £11.04bn
Enterprise Value £13.79bn
Revenue £2.94bn
Position in Universe 720th / 6849

UPDATE 1-DP Eurasia eyes dual listing or IPO of Turkish business in Istanbul

Tue 15th December, 2020 7:54am
(Adds details)
    Dec 15 (Reuters) - DP Eurasia  DPEU.L , which runs the
Domino's Pizza franchise in Turkey and Russia, said on Tuesday
it is considering a dual listing on the Istanbul stock exchange
or an IPO of its Turkish business.
    "The Board believes such an additional listing could
generate further interest from new investors...build momentum
and drive a re-rating in the shares as well as boost liquidity
in the trading of the shares," it said in a statement.
    DP Eurasia raised 148 million pounds ($197.28 million) in
its initial public offering on the London Stock Exchange in
2017.
    The company's Turkish business accounted for 68% of its
sales in the first half of the year. 
    It added that any new listing would be complementary to its
London listing.
    Its shares have lost about 80% of their value since their
debut, hurt by economic woes in its two main markets and the
coronavirus pandemic.


($1 = 0.7502 pounds)

 (Reporting by Anna Pruchnicka in Gdansk, editing by Louise
Heavens, Kirsten Donovan)
 ((anna.pruchnicka@thomsonreuters.com; +48 58 769 65 14;))
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