Domino's Pizza Group plc (LSE:DOM) will look for acquisition opportunities. Domino's Pizza Group PLC on March 27, 2024 said it has agreed to invest GBP 11 million in DP Poland PLC. The investment will be executed through the issue of DPP shares priced at 9.92 pence each.

The issue price represents a 23% discount to DPP's closing price on March 26, 2024. Shares in DP Poland closed down 1.6% to 12.70 pence in London on March 27, 2024. Domino's Pizza shares closed down 1.3% at 352.80 pence.

"The proceeds from the fundraise will be used to further accelerate DPP's growth by leveraging its organic sales expansion with store rollouts and potential acquisition opportunities. The board of DPP estimates the market potential of Poland to be approximately 500 Domino's stores by 2030," Domino's said.