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News  ›  Benzinga

Burger King Sells China Business Controlling Stake In New Joint Venture

Benzinga Logo Benzinga By Lekha Gupta
Burger King Sells China Business Controlling Stake In New Joint Venture

Restaurant Brands International (RBI) is selling a controlling 83% stake in Burger King China to CPE through a 20-year master development agreement, aiming to double restaurant locations in China by 2035.

Insights
AMBP.WS   positive

Achieved overwhelming consent from noteholders, indicating effective financial management and clear communication of transaction benefits


QSR   positive

Company is strategically partnering to grow Burger King's presence in China, securing future expansion with $350 million new capital injection and retaining a minority stake