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DPG announces new franchisee partnership

Domino's Pizza Group has announced the creation of a partnership with its largest franchisee in London.

It said that part of the transaction DPG had agreed to pay £24 million to have a 75% stake in a newly formed company whose assets would consist of all the franchisee's operations being 25 existing Domino's stores in London.

DPG said the creation of the partnership would enable it to take advantage of the significant growth opportunity in the London area.

It said the transaction was subject to final contract, with completion expected in September.

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