News

Domino's Pizza Australia completes European purchase

July 4, 2006

BRISBANE, Australia — Domino's Pizza Australia New Zealand Ltd (DPANZ) has finalized its purchase of 155 Domino's units in France, Belgium and the Netherlands from Domino's Pizza Inc. on July 3, giving the company its first foothold in Europe.

The purchase price was AUS $14.8 million (U.S. $11 million) with the contract specifying that a minimum of AUS $16.7 million (U.S. $12.4 million) be invested into an expansion plan. The deal was fully funded from debt.