Domino's Pizza Enterprises (DPE) has agreed to buy a 75 percent stake in Domino's Pizza Japan from Bain Capital Domino Hong Kong for 12 billion yen.
"The acquisition represents an exciting opportunity to leverage our proven track record of successfully growing the Domino's network to deliver shareholder value," said Don Meij, the Australian business' managing director and chief executive.
"Japan is a strategic location for DPE's future expansion, providing access to a large market which is well suited to significant new store roll-outs and the relocation of stores to higher traffic locations with improved image and formats."
The purchase, which will be funded via a combination of debt and equity financing, is expected to be completed before the end of September 2013.
The move came as Domino's announced a net profit of $28.657 million for the 2012/13 financial year, an increase of more than six percent.
Image: © Getty
Copyright is owned by Asia Outlook and/or Outlook Publishing. All rights reserved.