RBI buys out partners' stakes in Burger King China, seeks new partner to invest

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RBI buys out partners' stakes in Burger King China, seeks new partner to invest

TORONTO - Restaurant Brands International Inc. says it has bought its partners' stakes in Burger King China for US$158 million and is seeking a new local partner.

FranchiseWire

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Burger King’s Parent Buys China Franchises for $158 Million

The Franchisor, RBI, Will Seek New Local Partner to Grow in China Restaurant Brands International Inc. (RBI), the parent franchisor of quick-service brands including Burger King, has acquired nearly 100% ownership of all Burger King locations in China. RBI purchased the equity in TFI Asian Holdings BV and Pangaea Two Acquisition Holdings XXIII Ltd., also known as “Cartesian,” for $158 million in cash.  RBI, which also owns Firehouse Subs, Popeye…

retailnews.asia

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Burger King parent Restaurant Brands takes full control of China business

read the original version on: www.retailnews.asia Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about US$158 million, giving it nearly total ownership of the business. The fast food chain operator said it would engage its advisors to work on identifying a new local partner to invest into the business. The company […] The post Burger King parent Restaurant Brands takes full…

lesaffaires.com

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RBI now owns almost 100% of the company. The post RBI buys its partners' stakes in Burger King in China appeared first on Les Affaires.

nrn.com

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RBI buys out Burger King China for $158M

Quick-service restaurant company intends to identify new operating partner

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The company Restaurant Brands International (RBI) has just acquired through a subsidiary all the shares that TFI Asia Holdings and Pangaea Two Acquisition Holdings XXIII (Cartesian) held in the capital of the local Burger King in China. Thus, it will control almost 100% of the chain in the country, for a price of 151 million euros in cash.In light of this acquisition, Restaurant Brands International has shown its intention to hire consultants to…