Burger King China is also selling? CPE Yuanfeng invested USD 350 million to hold 83% stake
CPE Yuanfeng has reached a strategic cooperation with the Burger King brand to establish a joint venture "Burger King China." CPE Yuanfeng will invest USD 350 million, holding approximately 83% equity, while Restaurant Brands International (RBI) retains about 17% equity. Both parties signed a 20-year main development agreement, granting Burger King China the exclusive rights to develop the brand in China
On November 10th, CPE Yuanfeng announced a strategic partnership with the Burger King brand, which is wholly owned by Restaurant Brands International (RBI). The two parties will establish a joint venture ("Burger King China"). In this transaction, a wholly-owned affiliate of Burger King China will sign a 20-year master development agreement, granting it exclusive rights to develop the Burger King brand in China. Upon completion of the transaction, CPE Yuanfeng will hold approximately 83% of the equity in Burger King China, while RBI will retain about 17% of the equity.
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