Banking & Finance Mubadala looks to acquire stake in Burger King’s Brazil franchisee By Reuters August 1, 2022, 1:28 PM Creative Commons Zamp was previously known as BK Brasil Operacao e Assessoria a Restaurantes S.A. and is the master franchisee of the 850 Burger King stores in Brazil The franchise holder of the Burger King brand in Brazil, Zamp SA, said on Monday that Abu Dhabi state investor Mubadala Capital LLC has launched a tender offer to acquire control of the company. According to a securities filing, Mubadala has offered 7.55 reais ($1.47) per share to buy 45.15 percent of Zamp, which would take its stake in the company to 50.1 percent. Mubadala’s bid implies a 21 percent premium over Friday’s closing price of 6.22 reais. Zamp was previously known as BK Brasil Operacao e Assessoria a Restaurantes S.A. and is the master franchisee of the 850 Burger King stores in Brazil. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
