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Mubadala looks to acquire stake in Burger King’s Brazil franchisee

Person, Human, Meal 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.